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Production

All articles tagged with #production

Lucid to trim production to align with demand as inventory sits high
business21 days ago

Lucid to trim production to align with demand as inventory sits high

Lucid Group said it will take steps to better align its production with customer demand and reduce an elevated EV inventory, with no plan to idle its Arizona plant and no firm recantation of prior guidance to produce 25,000–27,000 units. In Q1 2026, the company produced 5,500 vehicles but delivered 3,093, and it cited a supplier issue affecting Gravity deliveries, as it seeks to convert excess inventory into revenue through disciplined cost control and improved delivery cadence, following a quarterly results miss relative to expectations.

Quixote scales back LA soundstage footprint, trims staff
business27 days ago

Quixote scales back LA soundstage footprint, trims staff

Hudson Pacific Properties is winding down most Quixote soundstage operations in Los Angeles and exiting Georgia and New Mexico, laying off about 70 employees across Atlanta and LA as production demand slows after a streaming-era boom. Quixote’s fleet and on-site services remain active, with Griffith Park Studios staying open for an existing tenant. The company expects roughly $21 million to $27 million in annual savings by relocating equipment to LA and New York and refocusing on core assets, amid a broader retrenchment of Hollywood’s production infrastructure.

The Pitt: A Modest Hospital Drama That Might Save TV
entertainment1 month ago

The Pitt: A Modest Hospital Drama That Might Save TV

A Bulwark essay argues that HBO's The Pitt, now in its second season, is a groundbreaking, budget-friendly ensemble hospital drama that blends old-school procedural realism with prestige. Its off-screen rigor—medical boot camps for actors, real hospital gear, handheld cinematography, and a lean $4–5 million per-episode budget—lets it produce 15 episodes per season, sustain hundreds of jobs, and offer a viable model for sustainable TV production amid streaming and AI disruption.

Rivian kicks off R2 production as spring deliveries loom
business1 month ago

Rivian kicks off R2 production as spring deliveries loom

Rivian has begun producing its R2 electric SUV at the Normal, Illinois plant, with customer deliveries planned for this spring; the company says the R2 should broaden demand and help it achieve profitability, offering a $58,000 Launch Package with a 330-mile range while a lower-cost $45,000 version won’t arrive until late 2027, and the launch follows a tornado that damaged part of the plant used for R2 storage—Rivian is set to report Q1 results and provide R2 updates on April 30.

Ukraine strikes drive steep April drop in Russian oil output
business1 month ago

Ukraine strikes drive steep April drop in Russian oil output

Ukrainian drone attacks on Russia’s ports and refineries spur Reuters-reported April oil-output decline of about 0.3–0.4 million barrels per day, potentially up to 0.6 million bpd lower than late‑2025 levels. The disruption highlights how energy targets underpin Kremlin revenue, with spring maintenance and ongoing attacks likely to constrain supply despite market price dynamics.

Wednesday Season 3 Flies into Paris for New Production Phase After Ireland Start
tv1 month ago

Wednesday Season 3 Flies into Paris for New Production Phase After Ireland Start

Wednesday Season 3 has kicked off production in Ireland and now includes a Paris stop, with first-look imagery teasing a storyline linked to the City of Light. New cast members include Eva Green as Aunt Ophelia and Chris Sarandon as Balthazar, while Jenna Ortega and the rest of the core cast return; Netflix does not expect the new season to arrive until 2027.

Higher Ground Charts an Independent Course Beyond Netflix Pact
entertainment1 month ago

Higher Ground Charts an Independent Course Beyond Netflix Pact

Barack and Michelle Obama’s Higher Ground production company is moving from an eight-year exclusive Netflix deal to an independent operation, enabling collaborations with multiple studios while Netflix remains a multiyear first-look partner; the move was announced at a Philadelphia event and follows a period of expanding projects beyond Netflix.

Nintendo trims Switch 2 production after softer holiday sales
technology2 months ago

Nintendo trims Switch 2 production after softer holiday sales

Nintendo is reportedly cutting Switch 2 production to four million units this quarter (down from six million) after weak holiday sales, especially in the US, with reductions expected to continue into April. The move sent shares lower, though Nintendo says it remains confident in the console's long-term prospects. Separately, a revised EU Switch 2 with a replaceable battery is planned to meet the 2027 EU rules.