ITEM 2. Properties
The Walt Disney World Resort, Disneyland Park and other properties of the
Company and its subsidiaries are described in Item 1 under the caption Theme
Parks and Resorts. Film library properties are described in Item 1 under the
caption Studio Entertainment. Radio and television stations owned by the
Company are described in Item 1 under the caption Media Networks.
A subsidiary of the Company owns approximately 51 acres of land in Burbank,
California on which the Company's studios and executive offices are located.
The studio facilities are used for the production of both live-action and
animated motion pictures and television products. In addition, Company
subsidiaries lease office and warehouse space for certain studio and corporate
activities. A 397,000 square-foot office building is under construction in
Burbank, California, with an expected completion date during 2000. Other owned
properties include a 400,000 square-foot office building in Burbank,
California, which is used for the Company's operations.
A subsidiary of the Company owns approximately 2.2 million square feet of
office and warehouse buildings on approximately 113 acres in Glendale,
California. The buildings are used for the Company's operations and also
contain space leased to third parties. A 142,000 square-foot broadcast
facility for KABC-TV is under construction with an expected completion date
The Company's Media Networks segment corporate offices are located in a
building owned by a subsidiary of the Company in New York City. A Company
subsidiary also owns the ABC Television Center adjacent to the corporate
offices and ABC Radio Networks' studios, also in New York City.
Subsidiaries of the Company own the ABC Television Center and lease the ABC
Television Network offices in Los Angeles, the ABC News Bureau facility in
Washington, D.C. and a computer facility in Hackensack, New Jersey, under
leases expiring on various dates through 2034. The Company's 80%-owned
subsidiary, ESPN, Inc., owns ESPN Plaza in Bristol, Connecticut, from which it
conducts its technical operations. The Company owns the majority of its other
broadcast studios and offices and broadcast transmitter sites elsewhere, and
those which it does not own are occupied under leases expiring on various
dates through 2039.
A U.K. subsidiary of the Company owns buildings on a four-acre parcel under
long-term lease in London, England. The mixed-use development consists of
140,000 square feet of office space occupied by subsidiary operations, a
27,000 square-foot building leased to a third party and 65,000 square feet of
retail space. A second phase of this development, completed in 1998, includes
a 142,000 square-foot office building occupied by Company subsidiaries in
1999. Company subsidiaries also lease office space in other parts of Europe
and in Asia and Latin America.
The Disney Stores and Disney Regional Entertainment lease retail space for