When Disney executives visit the Fox lot in Century City, the home of their newly acquired TV and film studios, they’re greeted by a big new banner that says “Welcome to Fox” and doors newly painted with the word “FOX.”
It’s not so much a welcome as a way of marking territory, one Fox insider told TheWrap Friday, three days after Disney closed its $71.3 billion acquisition of 21st Century Fox’s film and TV assets — and two days after it started layoffs that are expected to cost as many as 4,000 Fox employees their jobs.
The insider said the banner and “FOX” logos, which went up Thursday, were a way of reminding Disney that under the new deal, it is renting the Century City property from Fox: “This is still our lot.”