The soundstage at 1011 N. Fuller Ave. in West Hollywood is shutting down.
Quixote Studios told clients in a memo Monday it is winding down its commercial facility there, a longtime hub for commercial and music video shoots. The Hollywood Reporter said it was part of a broader pullback by parent company Hudson Pacific Properties, which is also closing Quixote’s Van Nuys location and pulling out of Georgia and New Mexico entirely.
About 70 workers in Atlanta and Los Angeles are getting pink slips.
“Quixote has made the difficult decision to begin the process of winding down most of our sound stage business in Los Angeles, including our main commercial studio in West Hollywood,” the company said in its client memo. “Like many of you, we have persisted through the prolonged and ongoing slowdown in commercial, television, and film production. But ultimately, industry conditions have forced difficult decisions.”
Hudson Pacific bought Quixote in 2022 for $360 million. That was the height of the streaming wars, when every platform was racing to greenlight content and soundstage space felt like a sure bet. The company’s own CEO, Victor Coleman, called the deal “not the best deal we’ve ever done” at a Miami investor conference in March.
The Van Nuys location, Quixote Central Valley, was formerly known as Chandler Valley Center Studios and served as the filming backdrop for NBC’s “The Office.” Griffith Park Studios is not closing. It has an existing tenant.
The Numbers
Hudson Pacific’s flagship Hollywood stages are running at 96 percent occupancy. Quixote’s stages sat at 53.3 percent as of a February earnings call. That’s a lot of empty space on leases the company is paying for.
The original-series count on TV networks and streaming platforms has fallen for the past three years. New premieres dropped 11 percent in 2025 compared to 2024, according to the data firm Luminate. Studios cut spending, streamers trimmed their slates, and the content bubble that made a $360 million studio services buy look reasonable has deflated.
Hudson Pacific is projecting $21 million to $27 million in annual savings from the cuts.
What Stays Open
“Quixote is taking steps to move away from leased soundstages and markets characterized by structural cost or demand disadvantages, which will allow Hudson Pacific to focus financial and operational resources on our office portfolio and higher performing segments of our studio business,” Hudson Pacific president Mark Lammas said Tuesday.
Sean Griffin, Quixote’s senior vice president of sales, said vehicle and equipment rentals are not going anywhere.
“Quixote’s fleet, equipment and supply rentals remain fully operational and ready to support production needs,” Griffin said. “For clients of Quixote’s soundstage and Atlanta operations, we are taking a phased, collaborative approach to minimize disruption, while continuing to deliver a high level of service during this transition period.”
This is another blow to LA’s production world and West Hollywood’s eastside. I live nearby and often passed the studio. I loved seeing the constant comings and goings, the hubbub that helped to remind you this is Hollywood. In addition to the productions, the soundstages were also home to some great parties and events, all of which helped to support the eastside’s reputation as West Hollywood’s production corridor.
Those employees are a part of our community. There loss is our loss. They will be missed.
This is also a product of the new private equity investment models in profitable companies. You have a profitable company (Quixote), Hudson Pacific buys them and from a private equity perspective, their returns aren’t on the current success of Quixote but ROI (return on investment) expressed in a multiple upon resale to a new investor. That means they need growth. They overextended the real estate holdings (stages) believing the streaming assembly line of production would continue to feed what was unsustainable growth and fill them up. That clearly didn’t happen. Everyone knew a reset was coming in the industry and… Read more »
Private equity is evil. They killed red lobster, hooters, hospitals and stole Taylor Swifts sound catalog out from under her. They take other people’s money and, in complex deals, buy out companies so they can tear them apart and exploit their assets (like red lobster’s real estate). DC could stop this but they refuse. I mean, for profit hospitals? Really?
Whoa 🙁