Inside Netflix’s Big Push Into Animation – Starting in Burbank

Diane Haithman
·1-min read

Netflix’s most recent L.A. real estate deal is a clear sign of the streamer’s heavy investment in animation production. The streaming service signed a lease in September for a whopping 171,000 square feet in a seven-story office complex in Burbank for a new animation studio. Like most everything Netflix does, it was a flashy, splashy deal, widely reported as the largest office lease of 2020 in greater Los Angeles. The Burbank property adds to Netflix’s already yeti-sized real estate footprint in Los Angeles, mainly centered in Hollywood (including the streamer’s 1.3 million-square-foot headquarters at Sunset Bronson Studios on Sunset Boulevard). Also Read: Netflix Hikes Prices in the US for Standard and Premium Plans As it famously does with its ratings, Netflix would not comment on its exact plans for the Burbank space, whether it will be used as business offices, studio space, or some of both. However, Netflix Co-CEO Ted Sarandos announced in October that the company has big plans to release six animated features a year going forward, so one would assume that some of that production activity would take place in Burbank. “Our animation ambition right now is not just to step up and be as big a...

Read original story Inside Netflix’s Big Push Into Animation – Starting in Burbank At TheWrap