Netflix Moves Toward Control of Radford Studio Center in Studio City

Netflix is proceeding to take control of Radford Studio Center in the next several months, Deadline reported on November 7. The planned purchase is valued at more than $400 million.

Radford is a production facility, meaning a campus of sound stages and workspaces where film and TV shows are shot. The site covers 55 acres in Studio City, in Los Angeles, and is 98 years old.

The deal has a long run-up. Earlier in 2026, Netflix lost its bid to buy the Warner Bros lot in Burbank to David Ellison. Netflix co-CEOs Ted Sarandos and Greg Peters had toured that lot with then-Warner Bros. Discovery chief David Zaslav on December 17, 2025.

Radford has changed hands several times. ViacomCBS agreed to sell it to Hackman Capital Partners in 2021. Hackman, which also owns The Culver Studios and Television City, later defaulted on a $1.1 billion loan early in 2026. A group led by Goldman Sachs then took over the site.

Netflix's talks with that Goldman Sachs-led group began in April 2026. At the time, the Los Angeles Times reported that Netflix was negotiating to pay between $330 million and $400 million. Netflix already rents several buildings from Hudson Pacific Properties, including the ICON building, under a lease that runs until 2031. That makes Netflix one of Hudson Pacific's biggest customers.

There is a caveat. On a November 5 earnings call, Hudson Pacific chief executive Victor Coleman said Netflix had not yet closed the Radford transaction. He said Netflix may not decide to close the deal until later in the year, or may not decide to close it at all.

So the picture has two sides. One report says the takeover is moving ahead within months. The company that would be selling a large part of its business to Netflix says the deal is still open. A closing, in deal terms, is the final signing and handover of ownership, and it has not happened yet.

For the people who work at Radford, the owner decides a lot. Owners set the rents, decide which stages get booked, and choose which productions get space. Whoever holds the keys shapes how many crews get work on the lot, and for how long. Neither side has said what would change day to day if the sale goes through.

Netflix's interest in a studio of its own is not new. The company has been buying and leasing production space in Los Angeles for years, and the Radford talks are one more step in that search. Whether the purchase closes, and when, is the question both the studio and its tenants are now waiting to see answered.