Quixote to lay off 70 staffers, wind down most of its sound stage business in another blow to Hollywood
Metro Quixote is laying off 70 employees and winding down most of its sound stage operations in Los Angeles, Georgia, and New Mexico amid declining production demand. The decision reflects broader industry challenges, including reduced spending by streamers and fewer television series premieres. While Quixote's core services like equipment rentals will remain operational, the move underscores ongoing strain in Hollywood's production economy.
- ▪Hudson Pacific Properties is winding down most of Quixote's soundstage operations in Los Angeles, Georgia, and New Mexico, affecting about 70 employees.
- ▪Quixote's soundstage utilization rate is 53.3%, significantly lower than the 96% lease rate for other Hudson Pacific studio facilities in Hollywood.
- ▪Hudson Pacific acquired Quixote in 2022 for $360 million but has since written down the unit's entire value due to heavy operating losses.
- ▪Production demand has cooled after years of streaming-driven expansion, with 2025 seeing an 11% drop in TV series premieres from the previous year, according to Luminate.
- ▪Quixote's fleet, equipment, and supply rentals will remain fully operational despite the shutdown of most soundstage operations.
Opening excerpt (first ~120 words) tap to expand
Metro Quixote to lay off 70 staffers, wind down most of its sound stage business in another blow to Hollywood By Daniel Farr Published April 29, 2026, 12:24 a.m. ET A major Hollywood infrastructure player is scaling back sharply, cutting jobs and shutting down key parts of its studio services business. The move is underscoring continued strain across the production economy centered in Los Angeles and California. Hudson Pacific Properties is winding down most of its Quixote soundstage operations in LA while also exiting operations in Georgia and New Mexico. The move will affect about 70 employees across Atlanta and LA, a source familiar with the decision told the Hollywood Reporter.
…
Excerpt limited to ~120 words for fair-use compliance. The full article is at California Post.
Discussion
0 commentsMore from California Post
