HOLLYWOOD—Netflix, in a move to expand, has signed a lease that will move its Southern California staff to a building located in Hollywood.
Netflix is an internet streaming company that was originally founded in 1997 by Marc Randolph and Reed Hastings. In recent years, technological advances have helped Netflix become a major medium of watching television. Netflix also offers movies in DVD and blu-ray format, allowing those that are not available for instant viewing to be shipped to users’ homes.
Netflix streams online some of the current popular television shows like “Orange is the New Black,” which is an original series. Other original series by the company include “Arrested Development” and “House of Cards,” both of which of gained Emmy nominations and wins in the past years. Netflix also streams in New Zealand, Australia, South America and certain parts of Europe.
Netflix has signed a lease with investment company Hudson Pacific Properties to move its staff to the ICON building, which is 14 stories and consists of about 200,000 square feet. The building, located at Sunset Bronson Studios is currently undergoing construction, but is expected to be completed in 2016. The move will allow the staff to have access to both sound stages and production studios, which could be useful in future production on original series.
Los Angeles Mayor Eric Garcetti has expressed his support of the Netflix move, due to the fact that the company’s expansion will create more jobs in the area. Mayor Garcetti noted he will help Netflix with their relocation needs and permit approvals.
