Netflix is in negotiations to buy Radford Studio Center in Studio City, according to Deadline. The streamer is in talks with Hackman Capital Partners, the property's current owner, as Netflix prepares to vacate Sunset Bronson Studios when its decade-long lease expires later in 2026.
A source close to the deal described it as "a great opportunity" for Netflix, "at the right price." No purchase price has been reported.
The Radford campus spans 22 stages and is nearly a century old. It operated for decades as CBS Studio Center and has housed productions including "Seinfeld," "The Mary Tyler Moore Show," and "That '70s Show." The lot dates back further still, to the era of silent film, when Charlie Chaplin and Buster Keaton worked under its predecessor, Mack Sennett Studio.
Hackman Capital Partners and Square Mile Capital Management acquired the property from Viacom in 2021 for $1.85 billion. In 2023, the investors announced a sweeping revamp — an estimated $1 billion in planned upgrades covering new soundstages, production offices, sustainability measures, historic preservation, and transportation infrastructure. That renovation never got underway. Hackman defaulted on the mortgage earlier this year, setting the stage for the potential sale.
