Hollywood 2018: Disney Moves Its New York Operations

Disney, the owner of ABC and ESPN, had reached a deal with Trinity Church Wall Street to acquire the rights to develop the church’s property at 4 Hudson Square in New York City in a deal valued at $650 million.

Disney gains the rights to develop 4 Hudson Square for 99 years. The company will eventually leave the office building it has inhabited since the late 1980s – the longtime site of “World News Tonight” and productions from its New York flagship station, WABC.

“This move represents an historic step forward toward our long-term vision for our New York operations. The Hudson Square district is rapidly becoming a dynamic, innovative hub for media, technology and other creative businesses, ” said Robert A. Iger, chairman and CEO of Disney, in a prepared statement. “We are pleased and proud to be joining this exciting community and look forward to investing in the growth and development of the neighborhood.”

The new property will include homes for WABC-TV, ABC News; “Live with Kelly and Ryan” and “The View.” Disney Streaming Services will also relocate to the new headquarters from its current location in Chelsea Market.

Disney said “Good Morning America” will continue to be broadcast from its Times Square Studio location.

The 4 Hudson Square site covers a full city block bordered by Hudson, Varick, Van Dam and Spring streets in lower Manhattan.  It is part of Trinity’s real estate portfolio, which dates back to a land grant given by Queen Anne to the church in 1705. Many of the office buildings in the area were built in the 1900s to house printing presses.

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