From The Hollywood Reporter · Erik Hayden · · 1m 10s
Cinelease grows as Quixote shrinks
Cinelease is buying two Quixote units, betting on studio services while Hollywood production stays shaky.
In brief
Cinelease is buying two Quixote units, betting on studio services while Hollywood production stays shaky. Cinelease is using Quixote’s retreat to build a broader production services platform across film, TV, live events and sports. Originally reported by The Hollywood Reporter.
Cinelease buys Quixote assets
Cinelease acquired Quixote’s Grip & Lighting and Pro Supplies division assets, adding more studio supply muscle to its production services business.
Quixote narrows its focus
Quixote is cutting back after months of shrinking its footprint, reducing soundstage leases and concentrating on its fleet business.
“Quixote will be focused on our market-leading Fleet business.”
Jobs are being cut
About 60 Quixote staffers tied to the Grip & Lighting and Pro Supplies units are expected to lose their jobs, according to a source cited by THR.
Dargenzio goes bigger
Owner Louis Dargenzio is expanding Cinelease while Los Angeles film and TV production remains unsettled. The company is also eyeing live events and sports.
Hollywood waits for relief
Shoot days in Los Angeles County have fallen for years, but California’s larger tax incentive and local red tape cuts have sparked some optimism.
A broader services platform
Cinelease has already added rigging and barricade businesses. The Quixote assets will be rebranded as Cinelease Pro Supplies.
“invest in great people and complementary capabilities”
The essence
Cinelease is using Quixote’s retreat to build a broader production services platform across film, TV, live events and sports.
