Netflix Inc. is deepening the San Fernando Valley’s longtime status as the capital of the cartoon industry by starting an animation studio in Burbank.
According to a CoStar report, the streaming giant has signed a 171,000-square-foot lease at Burbank Empire Center, located next to Hollywood Burbank Airport at 2300 W. Empire Ave.
Life insurance company New York Life, which owns Burbank Empire Center, will benefit as Los Gatos-based Netflix takes on an estimated 150,000 square feet up front on the property, with plans to expand by 21,000 square feet later. Netflix will occupy the seven-story building’s ground floor plus square footage on floors three, six, and seven.

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