1 month ago
As Netflix nears nan extremity of its 10-year lease connected Sunset Bronson Studios, nan streaming elephantine is looking northbound for caller space. Deadline tin corroborate nan streamer is successful negotiations pinch Hackman Capital Partners to bargain Radford Studio Center successful Studio City.
A root adjacent to nan business calls it “a awesome opportunity” for Netflix, “at nan correct price.”
The streamer’s Bronson lease is up later this year.
The 22-stage Radford field is astir 100 years aged and has hosted nan likes of “Seinfeld,” “The Mary Tyler Moore Show,” “That ’70s Show” and, overmuch farther back, nan likes of Charlie Chaplin and Buster Keaton erstwhile it was nan Mack Sennett Studio.
More precocious nan property, past known arsenic CBS Studio Center, had been owned by Viacom. In 2021, it was sold to Hackman Capital Partners and Square Mile Capital Management for $1.85 billion. In 2023, nan investors unveiled revamp plans for nan storied installation — an estimated $1 cardinal for modern soundstages, accumulation and support offices, sustainability measures, historic preservation and a proscription infrastructure.
Hackman defaulted connected nan owe earlier this year.
