×

Disney Sells Manhattan Campus, Will Move New York Operations Downtown

Kelly Ripa, Ryan Seacrest and the women from “The View” are taking a trip to downtown New York – along with the rest of Walt Disney’s Big Apple operations.

The owner of ABC and ESPN said it 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. As a result of the pact, Disney gains the rights to develop 4 Hudson Square for 99 years. But it means the company will eventually leave the office building it has inhabited since the late 1980s – the longtime site of “World News Tonight” and sundry 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, once completed, including flagship 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. The property 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.

Disney said it had struck an agreement to sell its Upper West Side campus in Manhattan to Silverstein Properties, Inc. The transaction does not include the historic Armory building, which stands across the street from the main property and currently houses ESPN operations. Disney will lease-back the facilities for up to five years while developing its new offices.

More Biz

  • EFM 1st European Film Politics Seminar

    Berlin: 1st European Film Politics Seminar - Protecting Independent Film Production

    Leading industry reps gathered on the opening day of Berlin’s European Film Market for what is certain to be a continuing discussion about leveling the playing field for independent producers across Europe and demanding greater engagement in the sector from global players. The 1st European Film Politics Seminar aims to set the political agenda of [...]

  • Harvey Weinstein (C) arrives to New

    Harvey Weinstein Jury Note Stirs Frenzied Speculation on Verdict

    A note from the jury in the Harvey Weinstein trial on Friday afternoon set the media and legal worlds abuzz with speculation about the verdict. The note suggested that the jurors were deadlocked on the two most serious charges — predatory sexual assault — but had reached a unanimous consensus on three other counts, of [...]

  • Naim McNair Named Def Jam Senior

    Naim McNair Named Def Jam Senior VP of A&R

    In what may be the first signal of the next era of Def Jam Recordings, Naim McNair has been named senior VP of A&R at the company. The move comes just hours after it was confirmed that Paul Rosenberg, chairman and CEO of the label since January of 2018, is leaving his post at the [...]

  • Paul Rosenberg

    Paul Rosenberg Stepping Down as Head of Def Jam

    UPDATED: Paul Rosenberg, chairman and CEO of Def Jam Recordings since January of 2018, is leaving his post at the company, a source close to the situation confirms to Variety. Jeff Harleston, general counsel for Def Jam parent company Universal Music Group, will serve as interim chief until a new CEO is appointed; he will [...]

  • Baby Yoda - The Child Animatronic

    Hasbro's Adorable Baby Yoda Animatronic Toy Is Already Sold Out on Disney's Online Store

    The Force remains strong for toys based on Baby Yoda, the breakout star of Disney Plus original series “The Mandalorian.” Less than a day after becoming available for pre-order, Hasbro’s new $59.99 Baby Yoda animatronic toy is no longer available on Disney’s official online store: As of Friday morning, Shop Disney listed it as “sold [...]

  • BTS Leads Spotify’s New Music Friday

    BTS Leads Spotify’s New Music Friday Playlist Rebrand

    Spotify has launched a global rebrand of its popular New Music Friday playlist, which this week features BTS, The Weeknd, Noah Cyrus, Trippie Redd, Kenny Chesney, Rei Ami and others. The revamped playlist, which has 43 versions worldwide, has more than 3.5 million followers in the US and eight million globally. New elements include a [...]

More From Our Brands

Access exclusive content