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Hudson Pacific

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Hudson Pacific Shrinks Quixote Footprint, Exits GA/NM and Slashes LA Soundstages
business4 months ago

Hudson Pacific Shrinks Quixote Footprint, Exits GA/NM and Slashes LA Soundstages

Hudson Pacific is winding down Quixote’s operations in Los Angeles and exiting Georgia and New Mexico, including layoffs of about 70 employees in Atlanta and LA. The company will relocate select Quixote equipment to Los Angeles and New York while declining leases at several LA soundstages (West Hollywood, Van Nuys) and keeping Griffith Park Studios occupied by other tenants. Quixote’s fleet and rental services will remain operational to support remaining productions. The move is aimed at achieving about $21–$27 million in annualized cost savings and allows Hudson Pacific to focus on higher‑performing assets like Sunset Studios and its office portfolio amid a broader slowdown in TV/film production. Netflix remains in final talks to buy Radford Studio Center, a potential market reshuffle for LA space.

Quixote Studios Winds Down Atlanta, Shifts Assets to NYC and LA
business4 months ago

Quixote Studios Winds Down Atlanta, Shifts Assets to NYC and LA

Quixote Studios is winding down its Atlanta operations and redeploying equipment to New York and Los Angeles, while exiting most leased sound stages in L.A.; the phased wind-down will cut about 70 jobs across Atlanta and L.A. in coming quarters. Hudson Pacific, which bought Quixote in 2022 for $360 million, expects up to $27 million in annual cost savings and will focus on its higher‑performing studio/office assets, with Quixote’s fleet and services continuing in NYC/LA and Sunset Studios remaining unaffected; L.A. leases will wind down except for Griffith Park, signaling broader portfolio discipline.