Netflix has inked a 10-year deal with the owner of Sunset Bronson Studios to lease the stages and offices at the venerable Hollywood venue, with the streaming giant set to make it its Southern California HQ beginning next year. Hudson Pacific Properties and Netflix previously sealed a deal to lease the builder’s ICON office tower, an in-the-works 323,000-square-foot building on the lot due to be finished early next year. This will keep offices and production in the same location at 5800 W. Sunset Boulevard in Hollywood when all is said and done.
Hudson Pacific is also constructing a five-story, 96,000-square-foot creative office building, CUE, on the site, which already is home to networks including ABC, CBS, HBO and local station KTLA-TV. The construction is part of a major upgrade to the facilities; known as the first Hollywood studio, it first housed film studio operations in 1911.
“This deal also fulfills Hudson Pacific’s vision of bringing a major content producer to Hollywood, and highlights the changing nature of the studio business,” said Hudson Pacific chairman and CEO Victor Coleman. “Hudson Pacific is uniquely positioned to provide today’s leading entertainment and technology companies with cutting-edge creative office and digital production facilities.”