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This Streaming Company Just Bought Land Instead of Leasing. Here's Why That's So Rare.

Most Online Entertainment Providers Would Rather Invest in Content Than Property
Netflix bought 1522 N. Van Ness Ave., formerly home to a Denny's restaurant, kitty-corner from its Hollywood offices in January, an unusual move for the streaming giant that prefers to lease property. (Evan Bracken/CoStar)
Netflix bought 1522 N. Van Ness Ave., formerly home to a Denny's restaurant, kitty-corner from its Hollywood offices in January, an unusual move for the streaming giant that prefers to lease property. (Evan Bracken/CoStar)
CoStar News
January 31, 2022 | 7:50 P.M.

After years of attracting millions of subscribers, generating billions of dollars in revenue, cranking out hits and collecting Oscars, entertainment giant Netflix completed in January what on first glance is a rather ordinary real estate deal.

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