Netflix to buy Radford Studio Center for nearly $400 million

Corporate Action
โดย GuruFocus·Read original
Summary · why it matters

Netflix is reportedly moving to buy Radford Studio Center in Los Angeles for close to $400 million, a sharp discount to its 2021 sale price of $1.85 billion. The deal, expected to close in the third quarter, comes after lenders including Goldman Sachs repossessed the property from Hackman Capital Partners following a default on $1.1 billion of bondholder debt. The acquisition could help Netflix consolidate its real estate footprint as it considers moving away from several Hollywood buildings it leases from Hudson Pacific Properties, with those leases running until 2031. Radford, a historic former silent movie lot known for shows including Gunsmoke, Gilligan's Island, and Seinfeld, was only 71% leased as of March, according to mortgage filings. The transaction highlights pressure on Los Angeles studio real estate after higher interest rates and the 2023 writers' and actors' strikes weighed on production, with soundstage occupancy in LA falling to 62% in the first half of last year, according to FilmLA.

Impact on stocks 4

Communication Services▲ · 1 stocks
Netflix Inc
NFLX
▲ PositiveCapitalrelevance

Netflix is buying Radford Studio Center at a steep discount ($400M vs $1.85B), consolidating real estate and potentially reducing lease costs.

Real Estate▼ · 1 stocks
Hudson Pacific Properties Inc
HPP
▼ NegativeDemandrelevance

Netflix is considering moving away from leased Hollywood buildings from Hudson Pacific Properties, which could reduce demand for its studio space.

Critical Materials & Supply Chain▲ · 1 stocks
Financials▲ · 1 stocks

Off-coverage companies 1

Hackman Capital PartnersPrivate▼ Negative
Capitalrelevance

Hackman Capital Partners defaulted on $1.1B of bondholder debt and lost the property to lenders.

© 2026 MarketDXNews