Hudson Pacific Seeks Netflix Extension Past 2031 on 722,000 SQFT of Hollywood Offices as $1B California Film Credit Push Offers Stages a Lift

Hudson Pacific Properties told investors on its third-quarter call that it hopes to reach some resolution with Netflix by year-end on extending the streamer's 722,305 square feet of Hollywood office leases beyond 2031, a decision that will shape the refinancing of the $1.1 billion Hollywood Media Portfolio loan, while executives pointed to proposed state and federal film incentives as the best chance to bring production back to Los Angeles soundstages.