Quixote Studios has started to wind down operations in the Atlanta area, redeploying equipment and other assets to Los Angeles and New York. Separately, it’s also exiting most of its leased sound stage facilities in LA.
The phased wind-down, which will eliminate about 70 jobs between Atlanta and LA, Deadline hears, will take place over the coming quarters to minimize disruption for Quixote clients. Parent Hudson Pacific t said Tuesday it is looking to realize up to $27 million in annual cost savings.
The real estate investment trust acquired Quixote in 2022 for $360 million as production rebounded
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