Netflix’s $72 billion deal to buy Warner Bros. Discovery would comprise more than just film and TV titles, as the streaming giant would assume WB’s real estate holdings. Los Gatos-based Netflix’s pending cash and stock deal would bring about 100 million square feet of entertainment real estate including offices, soundstages and other properties under the streaming giant’s control, CoStar reported. Warner Bros.’ portfolio includes 97 million square feet of office, industrial and studio properties around the globe, largely in the U.S. and U.K. That includes the 1.3-million-square-foot Warner Brothers Leavesden complex in the U.K. and the 2.6-million-square-foot Burbank Studios complex; […]
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