Episode

Netflix Buys Historic Radford Studio

Podcast
Venice Beach News Today | 2 Min News | The Daily News Now!
Published
Jun 20, 2026
Duration seconds
85
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Summary

Netflix is set to snap up the iconic Radford Studio Center in LA for $400 million — a steep discount from its $1.2 billion sale just a few years ago — as its former owner, Hackman Capital Partners, faces crushing debt. With Hollywood’s real estate market cooling due to rising rates and post-strike production slowdowns, Netflix is making a bold pivot: buying, not leasing. This acquisition, expected to close in Q3, signals the streaming giant’s push to own prime studio space and build a central hub for its expanding content empire. Support the show: Get a discount at https://solipillow.com/discount/dnn. Advertise on DNN: [email protected] This is an automated, high-level news summary based on public reporting. Report issues to [email protected]. View sources & latest updates: https://sources.thednn.ai/4cc687a6c5f7863f