Studio Giants Reckon With Collapse

Michael Hackman, head of Hackman Capital Partners, candidly admitted his firm’s recent financial missteps—including losing a billion-dollar mortgage on Radford Studio Center and defaulting on a $100M Sony Animation loan—while acknowledging the broader studio industry’s rough patch. Despite the setbacks, he framed the downturn as a “black swan” caused by streaming’s end, labor strikes, global production shifts, and AI’s rise. Still optimistic, Hackman joked about renaming his firm “Hindsight Capital,” hinting at lessons learned. Industry peers agreed: soundstages aren’t dead, but demand has waned due to tech and mobile filming. Adaptation, not nostalgia, is the key to survival in LA’s evolving entertainment scene. Support the show:Get a discount at https://solipillow.com/discount/dnn. Advertise on DNN:[email protected] This is an automated, high-level news summary based on public reporting.Report issues to [email protected]. View sources & latest updates:https://sources.thednn.ai/a41320d60d6cd7fe