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Hackman Capital Partners

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business1 month ago•15 min saved

Netflix Seeks Radford Studio Lot as Foreclosure Auction Heats Up

Netflix is among the leading bidders for the Radford Studios lot in Studio City, a 55-acre property that Hackman Capital Partners put into foreclosure and that Goldman Sachs is seeking to sell, with rumors circling around a roughly $400 million price; no deal is finalized yet, but Netflix is considered a top contender, while Hackman remains involved and both sides declined to comment. The sale fits into Netflix’s broader studio expansion strategy, including a planned $1 billion Fort Monmouth project and various incentive programs elsewhere.

via Variety|

#business #goldman-sachs #hackman-capital-partners

business1 month ago•13 min saved

Netflix Eyes Radford Studios Purchase as Bronson Lease Nears End

Netflix is near a deal to buy Radford Studio Center in Studio City from Hackman Capital Partners as it ends its 10-year lease at Sunset Bronson Studios. The 22-stage Radford campus, long used by hits such as Seinfeld and The Mary Tyler Moore Show, was bought in 2021 for about $1.85B by Hackman and Square Mile, who later unveiled a $1B upgrade plan that never materialized. With the Bronson lease expiring later this year, Netflix views the acquisition as a strategic move at the right price, though the deal would hinge on financing after Hackman reportedly defaulted on the mortgage earlier this year.

via Deadline|

#business #hackman-capital-partners #hollywood

business1 month ago•4 min saved

Netflix eyes iconic Radford Studio Center in Studio City acquisition

Netflix is negotiating to buy the historic Radford Studio Center in Studio City after Hackman Capital Partners defaulted on a $1.1 billion mortgage and Goldman Sachs took over the property; a sale is expected in the $330–$400 million range, targeting a landmark LA TV production site once home to shows like Seinfeld and Gunsmoke amid a broader slowdown in Southern California production and shifts in the streaming era.

via Los Angeles Times|

#business #goldman-sachs #hackman-capital-partners

entertainment2 years ago•2 min saved

Goodbye Television City: 'The Price Is Right' Bids Farewell.

The Price Is Right, the iconic CBS game show, has aired its final episode from Television City, where it has taped since its 1972 relaunch. The show will relocate to Haven Studios, a new facility in nearby Glendale, in which Fremantle is an investor with a long-term lease. Hackman Capital Partners, which bought Television City for $750 million from CBS Corp. in 2019, is planning a $1.25 billion renovation of the landmark complex.

via Deadline|

#entertainment #fremantle #glendale