Netflix Signs Lease for 355,000-Square-Foot Commercial Space in Hollywood

Netflix signed a long-term lease for 355,000 square feet at the Academy on Vine project Kilroy Realty is developing in Hollywood, said the developer Tuesday. On Vine St. about a half-mile south of Hollywood Blvd., it will include offices and a 20-story apartment building, slated for occupancy in mid-2020, said Kilroy. It acquired the 3.5-acre site from the Academy of Motion Picture Arts and Sciences five years ago, it said. Outgoing Netflix Chief Financial Officer David Wells said the lease “further deepens our connection with the Los Angeles and Hollywood communities.”