Los Angeles Business Journal

Panel Endorses Disney Bid to Build Santa Clarita Studio

By Business Journal Staff Thursday, June 20, 2013

The Los Angeles County Regional Planning Commission gave its approval for Walt Disney Co. to build a movie production studio in the Santa Clarita Valley.

The Disney ABC Studios at the Ranch project now moves to the Los Angeles County Board of Supervisors for final approval. A date for that vote has not been set.

Disney will construct 12 soundstages that offer space for up to six one-hour dramas, production and administration offices, and commissary and talent bungalows on its 800-acre Golden Oak Ranch property in the unincorporated area of the valley.

The Disney ABC Studios at the Ranch project represents a multi-million investment in the last of the studio-owned movie ranches and a commitment by Disney to the Southern California region as a production center.

Shares of Disney closed down $2.35 or 3.6 percent at $61.98 on the New York Stock Exchange.