Netflix buys Radford Studios

Netflix is in talks to buy Radford Studio Center in Studio City, giving the streamer a chance to own a major Los Angeles production lot instead of just leasing one. (bloomberg.com) The property was taken over by lenders led by Goldman Sachs after Hackman Capital Partners defaulted on a $1.1 billion mortgage earlier in 2026, according to Bloomberg and other trade reports. People familiar with the talks told multiple outlets the price under discussion is roughly $330 million to $400 million. (bloomberg.com) Hackman and Affinius Capital bought the 55-acre campus for $1.85 billion in 2021. Radford’s own site says the lot has 22 stages, about 210,000 square feet of office space and nearly 173,000 square feet of support space. (labusinessjournal.com) (radfordsc.com) The deal would expand Netflix’s physical footprint in Southern California as its 10-year lease at Sunset Bronson Studios gets closer to its end. The Hollywood Reporter said Netflix also leases Raleigh Studios space in Los Angeles through 2031. (deadline.com) (hollywoodreporter.com) Owning Radford would give Netflix a permanent base in the market where much of the film and television business still works through soundstages, crews and postproduction vendors clustered across Los Angeles. The same Hollywood Reporter report said the sale could reset how lenders value large studio campuses after a long production slowdown. (hollywoodreporter.com) The timing also follows Netflix’s decision to build a separate studio campus at Fort Monmouth in New Jersey. Netflix said in February that it closed on the land for Netflix Studios Fort Monmouth, a planned $1 billion development on 292 acres. (about.netflix.com) Radford is one of the older lots in town, previously known as CBS Studio Center, and it has hosted shows including “Seinfeld,” “The Mary Tyler Moore Show” and “That ’70s Show,” according to the studio and Los Angeles Business Journal. Hackman had proposed a $1 billion modernization plan, but Deadline reported that project never moved forward before the default. (radfordstudiocenter.com) (deadline.com) Netflix had also been linked to other big studio real estate opportunities, including interest around CBS Television City and reporting that it dropped out of bidding tied to Warner Bros. Discovery. Against that backdrop, Radford looks like a smaller, faster path to locking down production capacity in Los Angeles. (sgvtribune.com) (variety.com) As of April 23, the talks had been reported by Bloomberg, Variety, Deadline and The Hollywood Reporter, but none of those outlets said the transaction had closed. For now, the clearest fact is that a foreclosure sale is turning a nearly century-old studio lot into Netflix’s next real-estate test in Los Angeles. (variety.com) (deadline.com)