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Stock impact report

Quixote production services vendor to wind down most of its soundstage business in L.A. [Yahoo! Finance]

Hudson Pacific Properties, Inc. (HPP) 
Last hudson pacific properties, inc. earnings: 2/20 06:00 am Check Earnings Report
US:NYSE Investor Relations: hudsonpacificproperties.com
Company Research Source: Yahoo! Finance
West Hollywood and its North Valley studio in Pacoima — as the industry continues to grapple with the slowdown in film and television work The company will also close its operations in Atlanta as part of the cost-reduction effort, Quixote parent company Hudson Pacific Properties Inc. said in a statement Tuesday. Read more: Independent studios scramble to stay afloat as film and TV production lags About 70 employees in Atlanta and L.A. will be laid off, according to a person familiar with the matter but not authorized to comment. They did not provide a breakdown of how many layoffs would occur in each place. Some equipment from Atlanta will be sent to L.A. and New York, where Quixote will continue its business in lighting and grip, communications rental services and production supplies and vehicles such as the Star Waggons trailers. Hudson Pacific Properties expects to save about $21 million to $27 million a year. Quixote's Griffith Park studio will remain open. "Like many Show less Read more
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