REIT expands and enhances studio platform with $360m acquisition
Hudson Pacific Properties has acquired Quixote Studios for $360 million.
Quixote rents sound stages, cast trailers, trucks, grip and lighting, and other equipment essential for content production. Its largest clients include ABC/Disney, HBO, Sony, Paramount, NBC Universal and Warner Bros., as well as numerous blockbuster movies and hit television shows such as Apple’s The Morning Show, Paramount’s Yellowstone, HBO’s Curb Your Enthusiasm and Insecure, Disney’s Jungle Cruise, and Marvel’s Avengers: Infinity War.
“Our acquisition of Quixote Studios represents further execution of our strategy to enhance our core studio business for customers with a full-service offering of sound stages, both in terms of size and location, and production services in key global markets,” said Jeff Stotland, executive vice president of global studios and services for Hudson Pacific. “Quixote strengthens our reach to captur