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entertainment1d ago
What’s Going On With Netflix Buying Radford Studio Center? One Clue
- Netflix is in advanced negotiations to acquire the Radford Studio Center in Studio City, potentially reshaping its LA production footprint.
- Hudson Pacific hints the deal could keep Radford as a soundstage campus with limited office space, affecting current leases.
- The deal could complement Netflix’s existing LA and other regional hubs, including Albuquerque and an upcoming New Jersey site.
- Radford’s sale is tied to ongoing shifts in studio content spend after 2022, with vacancies and mortgage defaults affecting Hackman Capital.
- Goldman Sachs has taken over Hackman’s mortgage and is negotiating a sale price around $330 million for Radford.
- If the sale closes, Netflix would gain an owned-and-operated LA production space alongside other regional hubs.
- The Radford campus focuses on production facilities rather than extensive office space, influencing how Netflix uses its LA footprint.
- The Hollywood Reporter frames the possible Radford purchase as part of broader LA soundstage dynamics and landlord-tenant relationships.
- Radford’s historical use includes classic productions and a varied set environment suitable for multiple shoot uses.
- The deal's outcome remains contingent on Netflix’s final decision and negotiations with lenders and landlords.
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