Netflix to bid for Radford Studio Center at November auction
Netflix plans to submit a $400 million offer for the 55‑acre Radford Studio Center in Studio City when it goes to auction on Nov. 24. The lot, repossessed from Hackman Capital Partners, carries roughly $1.3 billion of debt that lenders, headed by Goldman Sachs, hope to recover. The bid represents just over 20 % of the $1.85 billion price paid by Hackman in 2021. Netflix says the purchase would consolidate its Los Angeles production footprint.
Why it matters
If the bid succeeds, Netflix would add a major studio asset to its production pipeline, potentially lowering long‑term content costs. The transaction also reduces the lenders' exposure to the $1.3 billion debt tied to the property.
Key facts
- 1Netflix intends to bid $400 million for the Radford Studio Center. finance.yahoo.com
- 2The auction is scheduled for Nov. 24. finance.yahoo.com
- 3Lenders, led by Goldman Sachs, are seeking roughly $1.3 billion to cover the debt on the lot. finance.yahoo.com
- 4Hackman Capital Partners bought the property for $1.85 billion in 2021. mynewsla.com
- 5Netflix’s bid would be just over 20 % of the 2021 purchase price. finance.yahoo.com
Summary written by AlphAI AI Desk from 2 of 2 sources. Not investment advice. Figures are as stated by the linked sources.