Key facts
- Netflix is in contract to buy Radford Studio Center in Los Angeles.
- The studio was previously sold in 2021 for $1.85 billion.
- Lenders, including Goldman, repossessed the property after the 2021 sale.
- Netflix is acquiring the studio for a fraction of its previous sale price.
Netflix is in the process of acquiring Radford Studio Center, a historic movie studio located in Los Angeles. The deal comes after lenders, including Goldman Sachs, repossessed the property following its sale in 2021 for $1.85 billion. The streaming giant is reportedly purchasing the studio for a significantly lower price than its previous transaction.