entertainmentneutral
A Big Studio Changes Hands in Hollywood
Studio City, USAWednesday, April 22, 2026
# **Netflix on the Verge of Acquiring the Historic Radford Studio Center**
The streaming giant is inching closer to expanding its empire with a legendary piece of Hollywood history—the **Radford Studio Center** in Los Angeles. Spanning **55 acres**, this isn’t just another acquisition; it’s where some of television’s most iconic shows came to life.
### **A Legacy of Television Classics**
From timeless sitcoms like *Leave It to Beaver* and *Gilligan’s Island* to later hits like *Will & Grace*, the Radford Studio Center has been the beating heart of TV production for decades. Built in **1928** by silent film pioneer **Mack Sennett**, the lot earned the nickname **"Hit City"** during its heyday in the mid-20th century.
From Financial Ruin to Netflix’s Dream Deal
The studio’s recent ownership tells a story of financial strain. Hackman Capital Partners borrowed over $1 billion to purchase it in 2021, but the debt became unsustainable. Now, the bank is offloading the property—at a dramatically reduced price of $330 million to $400 million, a far cry from the $1.85 billion paid just three years ago.
A New Chapter for Hollywood’s Iconic Lot
If the deal goes through, Netflix won’t just own a studio—they’ll inherit a piece of entertainment history. The Radford Studio Center has witnessed decades of TV magic, and now, under streaming’s reign, it could become the next great stage for Netflix’s productions.
The final act of this real-life drama is still being written.
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