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Quixote Studios

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business35 minutes ago•16 min saved

Quixote Studios Cuts Jobs, Exits Key L.A. Soundstages Amid Production Downturn

Quixote Studios, owned by Hudson Pacific Properties, is laying off about 70 employees and winding down its L.A. soundstages amid a broader production slump, with the Atlanta unit closing after prior exits in New Orleans and Albuquerque. Sunset Studios in Hollywood will remain, while Hudson shifts focus to LA/NY office portfolios and higher‑performing studio assets, aiming for annual cost savings of roughly $21–$27 million.

via Variety|

#business #hudson-pacific-properties #layoffs

business3 hours ago•15 min saved

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.

via Deadline|

#atlanta #business #hudson-pacific