Netflix is in talks to acquire Radford Studio Center after lenders led by Goldman Sachs repossessed the property from current owner Hackman Capital Partners following a debt default, according to Bloomberg. The potential purchase price has not been finalized and the deal has not closed, but it could be less than one-third of the lot’s US$1.85 billion 2021 sale price.
Debt Default and Market Context
Hackman Capital Partners defaulted on US$1.1 billion of debt after failing to refinance the studio last year. The default occurred as Los Angeles studio values have declined due to higher interest rates and a production slowdown following the 2023 writers and actors strikes, which reduced demand for studio space.
According to FilmLA, soundstage occupancy in Los Angeles fell to 62% in the first half of 2025, reflecting the broader strain on the studio real estate market.
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