Netflix flies from Burbank to Teterboro the week of a major real estate play

Netflix flew from Hollywood Burbank Airport to Teterboro Airport early Tuesday morning, a 4-hour-28-minute trip in its Gulfstream G550, N533GV. The flight arrived at 5:03 UTC, touching down in New Jersey just after midnight local time.

The same week, according to the Hollywood Reporter, Netflix is in advanced negotiations to buy the historic Radford Studio Center in Studio City for roughly $330 million, a deal that would give the streaming giant ownership of a major Los Angeles production campus. The property, taken over by Goldman Sachs after Hackman Capital defaulted on its mortgage, includes 22 soundstages and 18 office buildings. Netflix has also broken ground on a new East Coast production hub at Fort Monmouth, New Jersey, as covered by the Hollywood Reporter in April, and the Teterboro arrival may be connected to that project or related meetings.

The flight follows a pattern of recent trips between Netflix's Los Angeles-area base at Burbank and the New York region. On May 10, the same aircraft flew from Palm Springs to Teterboro, and on May 14 it returned from Teterboro to the San Francisco Bay Area. Netflix co-CEOs Ted Sarandos and Greg Peters are permitted personal use of the corporate fleet, per the company's 2026 proxy, but the timing of this trip aligns with the streaming giant's aggressive expansion of its physical production footprint.