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Netflix Set to Acquire Historic Radford Studio for $330 Million

4/22/2026

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Summary

Story summary

Netflix is close to finalizing a deal to acquire the Radford Studio Center in Studio City for about $330 million, backed by Goldman Sachs.
The purchase would shift Netflix's production strategy by giving it ownership of a major studio campus instead of relying on leased spaces.
The 55-acre site includes 22 soundstages and has historical significance for productions such as Seinfeld, though it has suffered from underinvestment.

History

Historical Context

Warner Bros. established the first major Hollywood studio in 1927, marking a pivotal shift in film production. The Radford Studio Center, originally opened by Mack Sennett in 1928, has evolved significantly, now featuring 22 soundstages. Netflix's $330 million acquisition in 2021 reflects a broader trend among streaming services investing in physical production assets, reshaping the media landscape.

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Story summary

Netflix is close to finalizing a deal to acquire the Radford Studio Center in Studio City for about $330 million, backed by Goldman Sachs.
The purchase would shift Netflix's production strategy by giving it ownership of a major studio campus instead of relying on leased spaces.
The 55-acre site includes 22 soundstages and has historical significance for productions such as Seinfeld, though it has suffered from underinvestment.

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