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Stock impact report

Is Netflix Making a Big Real Estate Move In L.A.? [Yahoo! Finance]

Goldman Sachs Group, Inc. (The) (GS) 
Last goldman sachs group, inc. (the) earnings: 4/15 07:30 am Check Earnings Report
US:NYSE Investor Relations: goldmansachs.com/investor-relations
Company Research Source: Yahoo! Finance
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. More from The Hollywood Reporter Hollywood Film and TV Production in Canada Rebounds A Chat With L.A.'s New Film Czar on 'Baywatch' - and How the City Is Trying to Cut Red Tape L.A. Production Crisis Now Mayoral Race Flashpoint 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 for their LA office needs, given the quality, location and expansion p Show less Read more
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