{"id":279447,"date":"2026-04-22T00:52:08","date_gmt":"2026-04-22T00:52:08","guid":{"rendered":"https:\/\/www.newsbeep.com\/us-ca\/279447\/"},"modified":"2026-04-22T00:52:08","modified_gmt":"2026-04-22T00:52:08","slug":"netflix-plans-to-buy-historic-radford-studio-center","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/us-ca\/279447\/","title":{"rendered":"Netflix plans to buy historic Radford Studio Center"},"content":{"rendered":"\n

Streaming entertainment giant Netflix is in negotiations to buy the historic Radford Studio Center<\/a> lot in Studio City.<\/p>\n

Netflix plans to purchase the Los Angeles studio that has been home to generations of landmark television shows, including \u201cGunsmoke\u201d and \u201cSeinfeld,\u201d according to two people with knowledge of the pending deal who were not authorized to speak about it publicly.<\/p>\n

The studio\u2019s previous operator, Hackman Capital Partners, defaulted <\/a>on a $1.1-billion mortgage in January. Investment bank Goldman Sachs took over the property and is in talks with Netflix to sell it for between $330 million and $400 million.<\/p>\n

Representatives for Hackman and Netflix declined to comment on the planned sale.<\/p>\n

Culver City-based Hackman Capital Partners and Square Mile Capital Management teamed up to buy the Radford Avenue property from ViacomCBS in 2021 with a winning bid of $1.85 billion, after a competitive battle for the 55-acre studio beloved by the television industry.<\/p>\n

At the time, the staggering price tag underscored the value \u2014 and scarcity \u2014 of TV soundstages in Los Angeles as content producers scrambled for space to shoot TV shows and movies to stock their streaming services. It was one of the largest ever real estate transactions for a TV studio complex in Los Angeles.<\/p>\n

Since then, production has substantially declined in Southern California. L.A. continues to battle the loss of production to other states and countries, as well as the lingering effects on the industry of the pandemic and the 2023 dual writers\u2019 and actors\u2019 strikes. Cutbacks in spending at the major studios after a surge in streaming-fueled TV production have further damped film activity in the region.<\/p>\n

Founded by silent film comedy legend Mack Sennett in 1928, the lot became known as \u201cHit City\u201d in the decades after World War II as popular TV shows such as \u201cLeave It to Beaver,\u201d \u201cGilligan\u2019s Island,\u201d \u201cThe Mary Tyler Moore Show,\u201d \u201cThe Bob Newhart Show\u201d and \u201cWill & Grace\u201d were made there. The storied lot gave the Studio City neighborhood its name,<\/p>\n

Netflix, which has a market cap of about $455 billion \u2014 more than double that of Walt Disney Co. \u2014 has maintained its dominance in the global streaming business with more than 325 million subscribers. <\/p>\n

The Los Gatos-based company has production offices worldwide, including facilities in Albuquerque, New Mexico; Brooklyn, London, Madrid and Toronto.<\/p>\n

Netflix had secured an $82.7-billion deal to buy Warner Bros. studios and streaming services in December, but withdrew from the bidding war<\/a> in late February after Paramount Skydance offered $31 a share. As part of the switch, Netflix was paid a $2.8-billion termination fee.<\/p>\n","protected":false},"excerpt":{"rendered":"Streaming entertainment giant Netflix is in negotiations to buy the historic Radford Studio Center lot in Studio City.…\n","protected":false},"author":2,"featured_media":156554,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[27],"tags":[9747,120416,120411,1743,120412,13792,6753,48,52,51,120413,120414,47,50,49,63,31007,9233,120415,23914,4001],"class_list":{"0":"post-279447","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-los-angeles","8":"tag-decade","9":"tag-gilligan","10":"tag-historic-radford-studio-center","11":"tag-hollywood","12":"tag-investment-bank-goldman-sachs","13":"tag-january","14":"tag-knowledge","15":"tag-la","16":"tag-la-headlines","17":"tag-la-news","18":"tag-landmark-television-show","19":"tag-large-operation","20":"tag-los-angeles","21":"tag-los-angeles-headlines","22":"tag-los-angeles-news","23":"tag-los-angeles-times","24":"tag-mortgage","25":"tag-netflix","26":"tag-square-mile-capital-management","27":"tag-studio-city","28":"tag-world-war-ii"},"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/us-ca\/wp-json\/wp\/v2\/posts\/279447","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/us-ca\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/us-ca\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ca\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ca\/wp-json\/wp\/v2\/comments?post=279447"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/us-ca\/wp-json\/wp\/v2\/posts\/279447\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ca\/wp-json\/wp\/v2\/media\/156554"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/us-ca\/wp-json\/wp\/v2\/media?parent=279447"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ca\/wp-json\/wp\/v2\/categories?post=279447"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ca\/wp-json\/wp\/v2\/tags?post=279447"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}