Netflix to acquire LA studio lot from Goldman

Netflix is in negotiations to purchase Radford Studio Center in Studio City for close to $400 million, after lenders including Goldman Sachs repossessed the property due to defaulted debt. The studio, historically known for hosting popular TV series and film productions, was previously sold for $1.85 billion in 2021. The sale aims to consolidate Netflix’s real estate holdings as production declines and studio real estate values decrease in Los Angeles.

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