As Netflix nears the end of its 10-year lease on Sunset Bronson Studios, the streaming giant is looking north for new space. Deadline can confirm the streamer is in negotiations with Hackman Capital Partners to buy Radford Studio Center in Studio City.
A source close to the situation calls it “a great opportunity” for Netflix, “at the right price.”
The streamer’s Bronson lease is up later this year. The leases on its Hollywood office spaces don’t expire until 2031.
More recently the property, then known as CBS Studio Center, had been owned by Viacom. In 2021, it was sold to Hackman Capital Partners and Square Mile Capital Management for $1.85 billion. In 2023, the investors unveiled revamp plans for the storied facility — an estimated $1 billion for modern soundstages, production and support offices, sustainability measures, historic preservation and a transportation infrastructure. That never happened.
Hackman defaulted on the mortgage earlier this year.
Source: deadline.com