Trending Now - Netflix Pursues Acquisition of Radford Studios Lot
WHO:
Deadline - Netflix is in negotiations with Hackman Capital Partners.
Variety - Michael Trujillo, a political campaign consultant, reported on the situation.
WHAT:
Los Angeles Times - Hackman Capital Partners defaulted on a $1.1-billion mortgage for Radford Studio Center in January 2026.
Los Angeles Times - Goldman Sachs is leading a takeover of the historic property and is in talks with Netflix to sell it for between $330 million and $400 million.
Los Angeles Times - Netflix had previously secured an $82.7-billion deal to buy Warner Bros. studios and streaming services in December 2025 but withdrew from the bidding war in late February 2026 after Paramount Skydance offered $31 a share, resulting in a $2.8-billion termination fee for Netflix.
Deadline - Netflix is looking to buy Radford Studio Center.
Variety - The Radford Studios lot went into foreclosure in 2026.
WHERE:
Deadline - Radford Studio Center is located in Studio City, California.
WHEN:
Variety - The report about Netflix's interest was first made on April 16th, 2026, and confirmed by Bloomberg on April 18th, 2026.
Deadline - Netflix is nearing the end of its 10-year lease on Sunset Bronson Studios.
WHY:
Los Angeles Times - The decline in production in Southern California is attributed to the loss of production to other states and countries, as well as the lingering effects of the pandemic and the 2023 dual writers’ and actors’ strikes.
Deadline - A source described the acquisition as "a great opportunity" for Netflix.
HOW:
Los Angeles Times - Netflix is negotiating the purchase of Radford Studio Center, which has been home to landmark television shows, according to two people with knowledge of the pending deal.
Deadline - Netflix is negotiating the purchase of the Radford Studio Center.
(UPDATED April 22, 2026 05:43 UTC)
Hackman Capital Partners has defaulted on a $1.1-billion mortgage for the Radford Studio Center, prompting Goldman Sachs to lead a takeover of the historic property and negotiate a sale to Netflix for between $330 million and $400 million. This comes after Netflix withdrew from a bidding war for Warner Bros. studios and streaming services, incurring a $2.8-billion termination fee, as production in Southern California continues to decline due to competition from other states and the lingering effects of the pandemic and recent strikes. According to sources familiar with the negotiations, Netflix is now looking to acquire Radford Studio Center, which has been the backdrop for many iconic television shows.
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(UPDATED April 22, 2026 04:01 UTC)
Netflix is in negotiations to purchase the Radford Studio Center in Studio City, California, which recently went into foreclosure. The interest in acquiring the studio was first reported on Thursday and confirmed by Bloomberg on Saturday. A source has described this potential acquisition as "a great opportunity" for Netflix as they approach the end of their 10-year lease at Sunset Bronson Studios.