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Hudson Pacific Shuts Quixote, Cuts 70 Jobs, Saves $27M

4/29/2026

28 3 Full Breakdown

Summary

Story summary

Hudson Pacific, led by CEO Victor Coleman, is winding down Quixote, laying off 70 staff and ending soundstage leases in Atlanta, New Mexico, Los Angeles and West Hollywood.
The company expects $21 million to $27 million in annualized cost savings by moving Quixote equipment to Los Angeles and New York.
Hudson Pacific reports its Hollywood stages are 96 percent leased versus 53.3 percent for Quixote, prompting a shift away from leased soundstages.

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Story summary

Hudson Pacific, led by CEO Victor Coleman, is winding down Quixote, laying off 70 staff and ending soundstage leases in Atlanta, New Mexico, Los Angeles and West Hollywood.
The company expects $21 million to $27 million in annualized cost savings by moving Quixote equipment to Los Angeles and New York.
Hudson Pacific reports its Hollywood stages are 96 percent leased versus 53.3 percent for Quixote, prompting a shift away from leased soundstages.