Netflix Lands Radford Studio Deal Wall Street Finally Likes

Netflix is under contract to acquire Radford Studio Center for roughly $400 million, a steep discount to the $1.85 billion paid five years ago. The purchase expands owned production capacity and supports the shift to in-house content after missed larger targets like Warner Bros. Discovery. Shares remain down 37% over the past year despite double-digit revenue growth and three-year-low valuations, producing only a muted market reaction so far.