Business 1 min read By Lauren Baxter
Netflix moves ahead with Radford studio purchase despite landlord criticism
Netflix is acquiring Radford Studio Center in the Studio City area of Los Angeles, not the Warner Bros. lot it previously bid for. The deal, long rumored, is expected to close within several months, despite public remarks from the streamer's Sunset Boulevard landlord.
Netflix is moving forward with the acquisition of Radford Studio Center, a production complex in the Studio City area of Los Angeles, even as its current Sunset Boulevard landlord has publicly criticized the deal. The purchase had been rumored for some time before it became public, and it is expected to close within several months.
The Radford property is not the Warner Bros. lot. Netflix lost an earlier bid for that facility to David Ellison, and the Radford deal represents a different route to acquiring studio space. The source material does not say whether the loss has shaped the streamer's broader plans for production infrastructure.
The landlord's recent comments have not changed Netflix's position. According to the reporting, the company remains committed to the deal despite the critical remarks. The outcome and final timing of the sale have not been confirmed.
In a separate development, the Nordic noir series A Couple of Lies has risen in UK charts, though critics have offered mixed reviews. Reviewers have pointed to gaps in the plot logic of the house-swap thriller.
Source: deadline.com
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