Netflix Eyes Purchase of Iconic Radford Studio Center at Major Discount
Updated
Updated · Los Angeles Times · Apr 22
Netflix Eyes Purchase of Iconic Radford Studio Center at Major Discount
12 articles · Updated · Los Angeles Times · Apr 22
Netflix is in negotiations to purchase the historic Radford Studio Center in Studio City after its owner defaulted on a $1.1 billion mortgage.
The sale price is expected to be between $330 million and $600 million, significantly below the $1.85 billion paid for the lot in 2021.
Radford Studio Center, famed for shows like 'Seinfeld' and 'Gilligan’s Island,' could bolster Netflix's production capacity amid shifting industry dynamics.
In an era of virtual production, why is Netflix buying a century-old physical studio lot?
Can Netflix's ownership of a historic studio reverse California's massive job losses in the film industry?
What does this fire sale reveal about the future of making movies in America?
Does buying massive studios signal a new strategy for streamers in the 'Post-Peak TV' era?
Was the studio's failure caused by a market downturn or one company's bad financial gamble?