Netflix Is Under Contract to Buy LA Studio Lot Taken by Goldman

Netflix Inc. is under contract to buy Radford Studio Center, an historic Los Angeles movie studio space, for a fraction of its 2021 $1.85 billion sale price after lenders including Goldman Sachs Group Inc. repossessed the property.

The price is close to $400 million, according to two people with knowledge of the transaction, which is expected to close in the third quarter.

The one-time silent movie lot has been home to many popular TV series over the decades, including Gunsmoke, Gilligan’s Island and Seinfeld.

Netflix wants to consolidate its real estate footprint in one place and has been ...