For years, Netflix has been the anchor tenant at Sunset Studios, making the ICON building its Los Angeles headquarters and occupying the EPIC and CUE buildings as part of the complex on Sunset Boulevard.
The streaming giant run by co-CEOs Ted Sarandos and Greg Peters has a lease on those buildings through 2031 with the owner, Hudson Pacific Properties, which receives $27 million in base annualized rent from Netflix.
As of early March, Hudson Pacific CEO Victor Coleman described at an investor conference that “our conversations with them are fluid” regarding future leases. Netflix is the No. 2 tenant for Hudson Pacific among its office tenants, occupying 722,305 square feet of space, just behind Google, so a loss of the streaming giant would be a big one for the soundstage operator.
“We remain fully engaged with Netflix and believe this portfolio is the optimal long-term solution
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