{"id":955455,"date":"2026-04-28T09:18:08","date_gmt":"2026-04-28T13:18:08","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/quixote-to-wind-down-sound-stage-and-atlanta-operations\/"},"modified":"2026-04-28T09:18:08","modified_gmt":"2026-04-28T13:18:08","slug":"quixote-to-wind-down-sound-stage-and-atlanta-operations","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/quixote-to-wind-down-sound-stage-and-atlanta-operations\/","title":{"rendered":"Quixote to Wind Down Sound Stage and Atlanta Operations"},"content":{"rendered":"

<\/p>\n

Quixote to Wind Down Sound Stage and Atlanta Operations<\/b><\/p>\n

Sunset Studios Operations Unaffected<\/i><\/p>\n

LOS ANGELES–(BUSINESS WIRE<\/a>)–Hudson Pacific Properties, Inc. (NYSE: HPP)<\/b> today announced its Quixote subsidiaries will commence the phased wind-down of leased sound stage facilities and Atlanta-area operations, along with other ongoing cost optimization efforts. Select equipment assets are expected to be redeployed from Atlanta to Los Angeles and New York where Quixote\u2019s fleet, lighting and grip, production supplies and communications rental services will continue. These actions, which will take place over the coming quarters to minimize disruption for Quixote clients, represent another approximately $21-$27 million in potential annualized cost savings.<\/p>\n

\nSunset Studios, Hudson Pacific’s separately owned studio portfolio, remains unaffected and continues to demonstrate resilient demand fundamentals. Sunset Studios\u2019 flagship Hollywood stages are 96% leased and the newly delivered Manhattan stages are 100% leased, underscoring that best-in-class, purpose-built studio real estate in prime locations continues to attract strong tenant interest even amid more moderate production levels.<\/p>\n

\n“We have been working with Quixote\u2019s leadership to further streamline that business in alignment with our commitment to capital discipline and portfolio quality,” said Mark Lammas, President of Hudson Pacific. “Quixote is taking steps to move away from leased sound stages and markets characterized by structural cost or demand disadvantages, which will allow Hudson Pacific to focus financial and operational resources on our office portfolio and higher performing segments of our studio business.”<\/p>\n

\nHudson Pacific anticipates these cost savings will begin to materialize in the second half of the year and will provide an updated full-year outlook when it reports first quarter 2026 earnings.<\/p>\n

About Hudson Pacific Properties<\/b><\/p>\n

\nHudson Pacific Properties (NYSE: HPP) is a real estate investment trust serving dynamic tech and media tenants in global epicenters for these synergistic, converging and secular growth industries. Hudson Pacific\u2019s unique and high-barrier tech and media focus leverages a full-service, end-to-end value creation platform forged through deep strategic relationships and niche expertise across identifying, acquiring, transforming and developing properties into world-class amenitized, collaborative and sustainable office and studio space. For more information visit HudsonPacificProperties.com<\/a>.<\/p>\n

Forward-Looking Statements<\/b><\/p>\n

\nThis press release may contain forward-looking statements within the meaning of the federal securities laws. Forward-looking statements relate to expectations, beliefs, projections, future plans and strategies, anticipated events or trends and similar expressions concerning matters that are not historical facts. In some cases, you can identify forward-looking statements by the use of forward-looking terminology such as “may,” “will,” “should,” “expects,” “intends,” “plans,” “anticipates,” “believes,” “estimates,” “predicts,” or “potential” or the negative of these words and phrases or similar words or phrases that are predictions of or indicate future events, or trends and that do not relate solely to historical matters. Forward-looking statements involve known and unknown risks, uncertainties, assumptions and contingencies, many of which are beyond the company’s control, which may cause actual results to differ significantly from those expressed in any forward-looking statement. All forward-looking statements reflect the company’s good faith beliefs, assumptions and expectations, but they are not guarantees of future performance. Furthermore, the company disclaims any obligation to publicly update or revise any forward-looking statement to reflect changes in underlying assumptions or factors, of new information, data or methods, future events or other changes. For a further discussion of these and other factors that could cause the company’s future results to differ materially from any forward-looking statements, see the section entitled “Risk Factors” in the company’s Annual Report on Form 10-K filed with the Securities and Exchange Commission, or SEC, and other risks described in documents subsequently filed by the company from time to time with the SEC.<\/p>\n

\"\"<\/p>\n

View source version on businesswire.com: <\/span>https:\/\/www.businesswire.com\/news\/home\/20260428467448\/en\/<\/a><\/span><\/p>\n

Investor Contact:
\n<\/b>
Laura Campbell
\n
Executive Vice President, Investor Relations & Marketing
\n
(310) 622-1702
\n
lcampbell@hudsonppi.com<\/a><\/p>\n

Media Contact:
\n<\/b>
Laura Murray
\n
Vice President, Communications
\n
(310) 622-1781
\n
lmurray@hudsonppi.com<\/a><\/p>\n

KEYWORDS:<\/b> California Georgia United States North America<\/p>\n

INDUSTRY KEYWORDS:<\/b> Entertainment Technology Music Audio\/Video Commercial Building & Real Estate Construction & Property REIT<\/p>\n

MEDIA:<\/b><\/p>\n\n\n\n\n
Logo<\/b><\/font><\/td>\n<\/tr>\n
\"Logo\"<\/td>\n<\/tr>\n
<\/font><\/td>\n<\/tr>\n<\/table>\n","protected":false},"excerpt":{"rendered":"

Quixote to Wind Down Sound Stage and Atlanta Operations Sunset Studios Operations Unaffected LOS ANGELES–(BUSINESS WIRE)–Hudson Pacific Properties, Inc. (NYSE: HPP) today announced its Quixote subsidiaries will commence the phased wind-down of leased sound stage facilities and Atlanta-area operations, along with other ongoing cost optimization efforts. Select equipment assets are expected to be redeployed from Atlanta to Los Angeles and New York where Quixote\u2019s fleet, lighting and grip, production supplies and communications rental services will continue. These actions, which will take place over the coming quarters to minimize disruption for Quixote clients, represent another approximately $21-$27 million in potential annualized cost savings. Sunset Studios, Hudson Pacific’s separately owned studio portfolio, remains unaffected and continues to demonstrate resilient demand fundamentals. Sunset … <\/p>\n

Continue reading “Quixote to Wind Down Sound Stage and Atlanta Operations”<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-955455","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"\nQuixote to Wind Down Sound Stage and Atlanta Operations - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/quixote-to-wind-down-sound-stage-and-atlanta-operations\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Quixote to Wind Down Sound Stage and Atlanta Operations - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"Quixote to Wind Down Sound Stage and Atlanta Operations Sunset Studios Operations Unaffected LOS ANGELES–(BUSINESS WIRE)–Hudson Pacific Properties, Inc. (NYSE: HPP) today announced its Quixote subsidiaries will commence the phased wind-down of leased sound stage facilities and Atlanta-area operations, along with other ongoing cost optimization efforts. Select equipment assets are expected to be redeployed from Atlanta to Los Angeles and New York where Quixote\u2019s fleet, lighting and grip, production supplies and communications rental services will continue. These actions, which will take place over the coming quarters to minimize disruption for Quixote clients, represent another approximately $21-$27 million in potential annualized cost savings. Sunset Studios, Hudson Pacific’s separately owned studio portfolio, remains unaffected and continues to demonstrate resilient demand fundamentals. 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