Disney’s cost-cutting moves have hit the venerable animation studio, as creative fixtures Angus MacLane and Galyn Susman were among 75 employees just let go.
The 2% workforce cut comes as part of parent company NBCUniversal’s overall cost-reduction plan across all studios.
Disney TV Animation’s SVP of Current Series Khaki Jones and VP of the Kids Unit Claire McCabe have been let go as part of a company-wide initiative to save $5.5 billion in costs.
The gaming giant cites restructuring efforts, including workspace reductions and project refinement, for the axing of nearly 800 jobs.
As a series of 7,000 layoffs began this week at the Mouse House, cost-cutting has led to the ouster of Perlmutter, a major company shareholder, co-president Rob Steffens, and chief counsel John Turitzin.
Disney CEO Bob Iger revealed new ‘Frozen’, 'Toy Story,’ and ‘Zootopia’ franchise features are coming during yesterday’s Q1 earnings call, which also announced a 7,000-employee layoff, part of a plan to significantly transform the company’s creative and financial landscape.
Bob Iger’s re-entry upon Bob Chapek’s exit highlights Disney’s C-suite succession problems.
The streamer continues its animated film business overhaul that began when Karen Toliver and Traci Balthazor took over the animation film production group this past July.
The ‘Maya and the Three’ creator told his Twitter followers that he’s optimistic the project will be made, even if he has to set up a new studio to get it done.
The streamer has cancelled its plans to produce Ava DuVernay’s ‘Wings of Fire,’ as well as two children’s titles based on the works of Dr. Ibram X. Kendi, while also laying off 150 staff primarily in its U.S. operations.
Deadline reports a memo just sent out by Film & TV president Steve Bertram explains need to reduce headcount by 10%.
The COVID-19 pandemic's economic toll continues to grow, as Parks Chairman Josh D’Amaro breaks the bad news.
BAFTA and Golden-Globe-winning studio signs new sales representation deal, covering the U.S. and most international territories, for its five Oscar-nominated features: ‘Missing Link,’ ‘Kubo and the Two Strings,’ ‘The Boxtrolls,’ ‘ParaNorman,’ and ‘Coraline.’
The Oregon-based studio behind ‘Missing Link’ and ‘Kubo and the Two String’ has let go 15% of their staff due to the COVID-19 pandemic.
Iconic comic book company hit with massive layoffs, including editor-in-chief; streaming service effectively dead as majority of staff let go.
The company-wide restructuring that began Friday continues today as hundreds of employees are being let go.
While animation production seems to be thriving, one of Hollywood’s premier agencies announces a significant staff reduction, another sign of COVID’s continued impact on many areas of the entertainment business.
Previously announced Walt Disney Company move begins as employees whose jobs aren’t deemed necessary will be temporarily dismissed April 19.
Offer made to provide support for those workers affected by the studio’s abrupt closure on December 11.
One of the VFX industry’s leading studios abruptly closes the doors at one of its locations.
Formed in 2017, Universal Games and Digital Platforms published titles based on franchises like ‘Minions,’ ‘Jurassic World’ and ‘How to Train Your Dragon.’
Veteran production and VFX executives receive pink slips as studio continues to downsize.
Latest executive departures signal corporate restructuring that included naming of new studio president earlier this week is far from over.
Annualized recurring revenue for the software giant rises 24 percent over last year to $1.9 billion.
Five percent of the division’s total staff of 5,000 workers are laid off as Disney shifts to licensing characters to video-game producers rather than making games itself.
