Simply as main Hollywood studios are in a second of belt-tightening, so too are soundstage operators, that are making powerful decisions about areas to maintain throughout a movie and TV manufacturing slowdown and amenities that could possibly be reduce free.
Take Hudson Pacific, the Victor Coleman-run proprietor of Sundown Bronson Studios (Netflix is an anchor tenant), which noticed layoffs just lately hit its manufacturing companies division Quixote, per California WARN notices. The corporate, as soon as a beneficiary of Wall Road buyers betting on soundstages as a sizzling commodity in the course of the streaming wars growth period, now touts in its newest Aug. 5 earnings launch that it’s poised to learn from “ongoing west coast targeted investments into AI” workforce workplace area.
Or take the Michael Hackman-led Hackman Capital Companions, an proprietor and operator of the historic Raleigh Studios in Los Angeles in addition to the Radford Studio Middle, Tv Metropolis, the Sony Footage Animation Campus in Culver Metropolis and extra main soundstages and manufacturing amenities.
Hackman has positioned a “For Sale” signal on a Raleigh sibling location, Saticoy Studios in Van Nuys, at an $18 million price ticket for the situation with two soundstages in a 59,669-sq-ft constructing within the San Fernando Valley. Saticoy had been the house of Let’s Make a Deal for a multiyear run, however the long-running Fremantle-produced recreation present now movies in Glendale at Haven Studios.
Tellingly, within the itemizing brochure, Saticoy is described as “previously a purpose-built Movie/TV sound stage property” and that “distinctive options make the property ultimate for industrial or leisure makes use of.”
Sam Glendon, who reps the Saticoy Studios itemizing for industrial actual property big CBRE, tells The Hollywood Reporter that homeowners are open to consumers exterior the leisure area. “We’re focusing on each varieties of consumers: those that would proceed to function it as a soundstage, and people with extra conventional mild industrial makes use of in thoughts — corresponding to manufacturing or meeting — who may convert the property to swimsuit their wants,” the CBRE senior vice chairman notes.
Glendon provides, “Since going to market, roughly half of the possible consumers who’ve inquired and toured the property are from the leisure business, whereas the opposite half are enthusiastic about repurposing it for industrial use.” The 1.68-acre lot can also be zoned for industrial and manufacturing.
The primary Raleigh Studios location, positioned on Melrose Avenue, has Netflix because the anchor tenant by way of 2031 utilizing its 13 soundstages. The streaming big makes use of Raleigh because the headquarters for a number of manufacturing banners — Shonda Rhimes’ Shondaland, Barack and Michele Obama’s Increased Floor, Meghan Markle and Prince Harry’s Archewell — which have total offers, per an Aug. 13 report from international credit score scores enterprise Morningstar DBRS disclosing a $165 million refinancing mortgage for Raleigh.
But even that Melrose Ave. location, with Netflix as a tenant, hasn’t been immune from the results of cost-cutting, tasks leaving L.A. and a post-2023 labor strikes’ surroundings of fewer greenlights typically. “These headwinds contributed to a slowdown in filming on the property in the course of the second half of 2024 and first half of 2025,” Morningstar famous of Raleigh in its credit score report.
As a aspect word: Raleigh payments itself because the oldest repeatedly working studio lot within the metropolis, a title that the Occidental Studios advanced close to downtown Los Angeles additionally claims. The century-old Occidental, too, is up on the market at $45 million.