Studio City is a neighborhood in the city of Los Angeles, California, in the San Fernando Valley. It is named after the studio lot that was established in the area by film producer Mack Sennett in 1927, now known as CBS Studio Center.Originally known as Laurelwood, the area Studio City occupies was formerly part of Rancho Ex-Mission San Fernando. This land changed hands several times during the late 19th Century and was eventually owned by James Boon Lankershim, and eight other developers who organized the Lankershim Ranch Land and Water Company. In 1899, however, the area lost most water rights to Los Angeles and therefore subdivision and sale of land for farming became untenable.Construction of the Los Angeles Aqueduct began in 1908 and water reached the San Fernando Valley in November, 1913.