Netflix is negotiating the purchase of the historic Radford Studio Center in Los Angeles. Bloomberg News first reported the potential acquisition. The site served as the filming location for iconic series including Seinfeld and Gilligan’s Island.
This move follows Netflix’s decision to drop its bid for Warner Bros. Discovery. The strategy signals a shift toward acquiring production facilities at a more economical scale.
Lenders including Goldman Sachs Group recently repossessed the property. Netflix aims to acquire the lot at a significant discount from its 2021 sale price of $1.85 billion.
Final pricing and deal terms remain under negotiation. The discussions highlight Netflix’s ongoing expansion of in-house production capabilities.