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flag Quixote Studios lays off 70 employees amid Hollywood downturn.

flag Quixote Studios is scaling back operations in Los Angeles and Atlanta, laying off about 70 employees amid a Hollywood production downturn. flag The company, owned by Hudson Pacific Properties, will close most soundstages and relocate equipment to New York and Los Angeles, where rental services will continue. flag Hudson Pacific aims for $21 million to $27 million in annual savings.

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