Originally built for 20th Century Fox for the reconstruction of RMS Titanic in the 1997 film Titanic, it has since then built some of the largest sets for numerous other studios including, MGM's Tomorrow Never Dies, Amblin Entertainment's In Dreams, Warner Bros.'s Deep Blue Sea, Phoenix Pictures's The Weight of Water, Disney's Pearl Harbor and Fox's Master and Commander: The Far Side of the World.

Construction of the facility costing an estimated $20 million USD[2] began on 6 June 1996 next to the northern edge of a small fishing village (Puerto Popotla).

The studio's design was heavily influenced by the production needs of the first film to be shot there, James Cameron's epic Titanic, where there was a requirement to shoot a 775-foot-long (236 m) replica of the ship in a water tank.

[6] Fox sold the studios in May 2007 to Baja Acquisitions (a consortium of "local financial interests") for an eight-figure US dollar sum.

Fox created a Studio Tour named Foxploration, which opened in May 2001 consisting largely of Titanic exhibits, Fox-derived displays, and items from other films, notably Master and Commander.