Netflix Routes $400MM Radford Studio Center Deal Through Nov. 24 Foreclosure Auction, Setting Up Overhaul of Its LA Footprint

After a planned third-quarter closing slipped, Netflix's long-negotiated purchase of the 55-acre Radford Studio Center in Studio City is now expected to be completed through a lender-run foreclosure auction on Nov. 24, a structure that could hand the streamer a century-old production campus at roughly 22 percent of its 2021 price while rippling through its leased office and stage footprint across Los Angeles.