Netflix’s potential purchase of Radford Studio Center lot stalls
Netflix is weighing a purchase of the 55‑acre Radford Studio Center from Hudson Pacific. The transaction, valued around $330‑$400 million, has not been closed and a decision is expected later in 2026. Hudson Pacific CEO Victor Coleman said Netflix has not decided to close the deal, while a source indicated negotiations are still moving forward. The campus includes 22 soundstages and over 380,000 sq ft of office and support space.
Why it matters
If the deal closes, Netflix would shift from tenant to owner of major production assets, potentially lowering long‑term lease costs but increasing financing needs amid higher borrowing rates. The uncertainty also affects Hudson Pacific’s future rental revenue from its largest tenant.
Key facts
- 1Netflix is Hudson Pacific’s third‑largest tenant, leasing the ICON, EPIC and CUE buildings at Sunset Studios. finance.yahoo.com
- 2Netflix leases over 700,000 sq ft from Hudson Pacific, with lease extensions running through 2031. finance.yahoo.com
- 3Radford Studio Center comprises 55 acres, 22 stages, 210,000 sq ft of office space and 172,737 sq ft of support space. mezha.net
- 4Hudson Pacific CEO Victor Coleman said Netflix has not closed the transaction and may decide later in the year. finance.yahoo.com
- 5No SEC filings have been made by Netflix for the Radford purchase as of early November 2026. mezha.net
Open questions
- Purchase price is reported as $330‑$400 million versus more than $400 million.
- Deal status is described as stalled versus progressing on schedule.
Summary written by AlphAI AI Desk from 3 of 3 sources. Not investment advice. Figures are as stated by the linked sources.