Friday, August 28, 2015

Netflix Expands In Hollywood

Internet video streaming and rental service Netflix is in a major expansion in Hollywood, and has signed a lease of 200,052 square feet on the Sunset Corridor, the company said Thursday. According to Netflix and Hudson Pacific Properties, Netflix will lease a significant portion of the ICON office tower at Sunset Bronson Studios, as part of a growth and content creation expansion here. Netflix already has major operations in the Los Angeles area. ICON said the deal for the Netflix offices is the largest office lease signed to date in Hollywood, in terms of square feet. Netflix has had a presence in the Los Angeles area, due to both work with Hollywood studios and content creators, as well as because of its own, original content efforts. The ICON office tower is a 14-story tower, and is expected to be complete by late 2016.

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