Hudson Pacific Acquires Production Services Company Quixote Studios for $360 Mil
Wilson Chapman editor Real estate agency Hudson Pacific has acquired soundstage and production services provider Quixote Studios for $360 million. Established in 1995 by Mikel Elliott, Quixote Studios is one of the biggest providers of sound stages and production services in the entertainment industry. The company helps to rent soundstages, cast trailers, trucks, lighting equipment and other infrastructure necessary for production. Quixote has 325 employees, long-term lease rights to 23 soundstages in Los Angeles and works for notable clients including Disney, HBO, Warner Bros., Sony, Paramount and NBCUniversal. Under the deal, Elliott will remain in a leadership position at Quixote. In addition to Quixote, Hudson Pacific also owns Sunset Studios rental company, which mangages 60 stages in five studio lots around Los Angeles and in the United Kingdom.