Netflix to Acquire Radford Studio Center for $400M
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 1 day ago
0mins
Netflix (NFLX) is under contract to purchase Radford Studio Center, a notable film studio space in Los Angeles, for a fraction of its 2021 $1.85B sale price after lenders, including Goldman Sachs (GS), repossessed the property, Bloomberg's John Gittelsohn reports. The price is near $400M and is expected to close in Q3, the author says, citing two people with knowledge of the transaction.
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Analyst Views on NFLX
Wall Street analysts forecast NFLX stock price to rise
38 Analyst Rating
27 Buy
10 Hold
1 Sell
Moderate Buy
Current: 76.960
Low
92.00
Averages
114.18
High
150.00
Current: 76.960
Low
92.00
Averages
114.18
High
150.00
About NFLX
Netflix, Inc. is a provider of entertainment services. The Company acquires, licenses and produces content, including original programming. It provides paid memberships in over 190 countries offering television (TV) series, films and games across a variety of genres and languages. It allows members to play, pause and resume watching as much as they want, anytime, anywhere, and can change their plans at any time. The Company offers members the ability to receive streaming content through a host of Internet-connected devices, including TVs, digital video players, TV set-top boxes and mobile devices. It is engaged in scaling its streaming service, such as introducing games and advertising on its service, as well as offering live programming. It is developing technology and utilizing third-party cloud computing, technology and other services. The Company is also engaged in scaling its own studio operations to produce original content.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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- Cautious Earnings Outlook: As investors prepare for the July 16 earnings report, Citizens and TipRanks express conservative views on 2027 pricing projections, suggesting Netflix needs to demonstrate stronger operational catalysts to maintain market confidence amid potential future subscription price increases.
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See More
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- Strategic Shift: Netflix has shifted its focus from existing content libraries to original content, with last year's release of 'K-Pop Demon Hunters' becoming its most-watched film ever, amassing 325.1 million views, indicating success in its original content strategy.
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See More
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- Market Expectations: Investors are reviewing conservative 2027 pricing projections and second-quarter outlooks, especially as they await the July 16 earnings report, putting increased pressure on Netflix to deliver stronger operational catalysts.
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See More
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