Hudson Pacific Properties has announced the separate acquisitions of Star Waggons and Zio Studio Services, two companies that provide transportation and logistics services to studio productions, for a combined $222 million.
Star Waggons and Zio Studio Services collectively comprise a fleet of more than 1,100 luxury location trailers, specialized vehicles, and other transportation assets, as well as complementary equipment for the entertainment production industry.
The two transactions, which will be immediately accretive to 2021 and long-term financial targets, significantly expand production services as part of Hudson Pacific’s global studio platform.
“Bringing Star Waggons and Zio Studio Services together under the same umbrella with our Sunset Studios business enables us to capture a greater share of production services revenue at our facilities as well as other studios and on location,” said Jeff Stotland, head of global studios for Hudson Pacific. “A broader offering of high-quality production services both streamlines content creation for and...
Star Waggons and Zio Studio Services collectively comprise a fleet of more than 1,100 luxury location trailers, specialized vehicles, and other transportation assets, as well as complementary equipment for the entertainment production industry.
The two transactions, which will be immediately accretive to 2021 and long-term financial targets, significantly expand production services as part of Hudson Pacific’s global studio platform.
“Bringing Star Waggons and Zio Studio Services together under the same umbrella with our Sunset Studios business enables us to capture a greater share of production services revenue at our facilities as well as other studios and on location,” said Jeff Stotland, head of global studios for Hudson Pacific. “A broader offering of high-quality production services both streamlines content creation for and...
- 9/2/2021
- by Bruce Haring
- Deadline Film + TV
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