Netflix Pursues Radford Studio After Hackman Debt Default

2026-04-22 00:52:31

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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Comment

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SandwichDodger

· 04-25 00:34

If we really take over Radford, we can save a lot on venue rental costs in the long run, and it will also be easier to schedule and shoot self-produced dramas.

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OrderflowOtter

· 04-23 16:33

The price isn't set, the trade isn't closed, don't get excited yet, the story isn't over.

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NfaKitchen

· 04-22 15:11

Goldman Sachs' recent move is a typical example of a financial institution taking over asset disposals, while Netflix seems more like an industry buyer coming in to scoop up bargains.

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PocketValidator

· 04-22 04:33

The streaming media giants are extending upstream to filming bases, as if they’re trying to seize the “tap” that controls the flow of content production capacity.

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GateUser-44dde53b

· 04-22 01:13

Debt default recovered, is Netflix's chance to scoop up an opportunity?

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CandleSitter

· 04-22 01:11

Bloomberg sources are generally reliable, but during this negotiation phase, there are many rumors, and they might also be testing the waters to raise the price.

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YieldGardenKid

· 04-22 01:09

Once the debt chain is broken, assets immediately change owners, and the entertainment industry is increasingly resembling real estate finance games.

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PartiallyMeltedIceCream

· 04-22 00:59

That’s too much for Hackman—once they default, it gets repossessed, and the leverage was taken too far.

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SudoSatoshi

· 04-22 00:58

If the transaction price is appropriate, it's more worthwhile than simply throwing money to buy the rights, after all, the venue is a long-term asset.

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GateUser-46c777d0

· 04-22 00:58

It feels like "locking content supply through the method of buying property," which may lead to more stable large-scale release schedules in the future.

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