Cinelease, the film equipment rental house, announced Tuesday that it is acquiring grip and lighting equipment from Quixote, which continues to shrink its footprint amid a production slump.
\n\nQuixote announced in April that it was winding down its soundstage business, and is now getting out of the ancillary equipment business as well. The latest news means about 60 Quixote employees will be laid off, mostly in Los Angeles.
\n\nCinelease, meanwhile, is looking to expand into sports and live events, as it grows beyond its base of servicing film and TV productions. The company is also buying up Quixote’s production supply assets, which will now go by the name Cinelease Pro Supplies, and has also purchased its portable restrooms and communications gear.
\n\n“We see a significant opportunity to build Cinelease into a leading entertainment infrastructure platform,” said Louis Dargenzio, the company’s chairman, in a statement. “Our strategy is simple: invest in great people and complementary capabilities that make our customers’ jobs easier. Film and television will remain our foundation as we expand across live events, sports and large-scale projects. We will continue to invest in the capabilities that allow us to serve all of these markets at a greater scale.”
\n\nHudson…
Original source: https://variety.com/v/tv/