World News – US – Lionsgate, Disney Studios, Searchlight Pictures face further downsizing –

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Leilani Reyes November 5, 2020 – 8:50 p.m.

The film industry is starting to gradually recover, with many films being produced resuming with additional safety precautions.However, the industry as a whole is still adjusting to take into account the loss of revenue caused by the state-mandated theater closures Key change is downsizing at all levels Today it was announced that the major Disney and Lionsgate studios are both facing major downsizing

Cuts at Lionsgate are big, with 15% of its film group fired The department held around 450 people after their March layoff, and is further downsized Motion Picture Group chairman Joe Drake said in a statement statement to employees that there would be a lot of reorganization to accommodate the changing industry, and that « individuals across the MPG will be affected as groups are combined and new roles are defined or eliminated as part of this process ”He also noted that the company“ will improve our separation policy in a number of areas, including healthcare, employment support and severance pay, ”to help to lessen the blow to those who have been abandoned

Following this news came the announcement by Deadline that layoffs will also take place at Disney, including significant cuts at ESPN At Disney Studios, the cuts will be made primarily in the marketing department and the theater group based in New York At Searchlight Pictures, a division of Disney, six people confirmed to be fired More exact figures for all studio layoffs have yet to be released, but Deadline has confirmed that several hundred vacancies will also be eliminated

ESPN, layoff, Bob Ley, The Walt Disney Company

News from around the world – United States – Lionsgate, Disney Studios, Searchlight Pictures face further downsizing –


SOURCE: https://www.w24news.com

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