Burbank-based Walt Disney Company has signed a deal with China's largest Internet company to allow a collection of Disney, Pixar and Marvel Studio titles to stream on Hollywood VIP service Tencent. Tencent has similar agreements with other LA-area studios including Universal, Miramax, Warner Bros. and Lionsgate. The Chinese company operates like Netflix with a monthly subscription video-on-demand service that allows users to watch new and catalog titles.
Los Angeles county lawmakers have approved Disney’s plans to build new studios in the Santa Clarita area. Up to 12 soundstages, offices, bungalows, a commissary and parking will rise up on nearly 60 acres of Disney property, where such classics as “Old Yeller” and “The Shaggy Dog” were filmed.
Residential opponents argued that the project would tie up traffic and impact water usage, but county planners found that there were “overriding public benefits” to the project, including boosting employment in the region. The project will require the removal of 158 oak trees, and Disney plans to plant 1,600 new oaks to make up for the loss.
Disney has declined to say which type of production will be located on the new lot, but it is expected to house TV projects, and is being named Disney/ABC Studios at the Ranch. The company first unveiled plans for the project in 2009, and in garnering support for the development has emphasized that it would create 2,900 jobs and generate about $533 million in economic activity.
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