Netflix In Negotiations To Buy Radford Studios
Deadline • • general
Key Points:
- Netflix is negotiating with Hackman Capital Partners to purchase Radford Studio Center in Studio City as its 10-year lease at Sunset Bronson Studios nears expiration later this year.
- The Radford Studio Center, a historic 22-stage campus nearly 100 years old, has hosted iconic shows like "Seinfeld" and "That ’70s Show," and was originally the Mack Sennett Studio.
- Previously owned by Viacom and sold in 2021 for $1.85 billion to Hackman Capital Partners and Square Mile Capital Management, the studio was slated for a $1 billion revamp in 2023 that never materialized.
- Netflix views the potential acquisition as a “great opportunity” contingent on the right price, signaling a strategic move to secure long-term production space in Los Angeles.
