Netflix Executive Buys Beverly Hills Mansion18 Dec, 2010 By: Erik Gruenwedel
You know you’ve arrived when your new house warrants mention in the Los Angeles Times “Hot Property” section.
Netflix chief content officer Ted Sarandos and his wife, Nicole Avant, have bought the former home of fashion designer Max Azria in “the flats” of Beverly Hills, Calif., for $5.41 million.
The 1923 Monterey Colonial two-story house has 6,100 square feet, five bedrooms, six bathrooms, and sits behind walled gates on a third of an acre.
The house, which is suitably described as designed for entertaining (unlimited streaming throughout?), will be the primary residence for Sarandos and Avant and their family, according to the Times.
Los Gatos-based Netflix is ending an impressive year that saw its stock top $200 per share, quarterly revenue surpass Blockbuster, rollout of domestic and foreign streaming-only services on more than 200 consumer electronics devices, and emerge as topic No. 1 among most media executives entering 2011.
Also noteworthy: Avant is the U.S. ambassador to the Bahamas.