Posted on 02/08/2013 7:07:52 AM PST by SoFloFreeper
The decision to release just two films this year instead of three means all sorts of operating adjustments that could result in cutting as many as 500 positions at the Glendale-based studio, Deadline reports. That would be a 23 percent hit. The trims come after less-than-terrific numbers from last fall's "Rise of the Guardians" (a big write-down is expected). Investors aren't thrilled - not so much at the prospect of layoffs (sometimes Wall Street considers that a good thing), but at changes in the release schedule. "Mr. Peabody and Sherman" is being moved back to Spring 2014 from late 2013, and "Me & My Shadow" is being removed from the 2014 slate. Shares are down almost 4 percent today - going back to the trough of the market on March 9, 2009, DreamWorks is one of the few locally based companies to still be on the minus side (about 15 percent).
(Excerpt) Read more at laobserved.com ...
Yet very little is being said in the media about THEIR decision to throw people out of work....
Is the MSM still awaiting their handouts?
Dreamworks has been on my boycott list for years now. I hope they continue to lose money. Too bad conservatives don’t have more movie production companies and their own version of Hollywood.
I hope those 500 layed off employees go out and make a REALLY big deal out of this. On the other hand, I guess, if they do they probably will never work a day more in their lives.
And Chris Dodd is now President of the Motion Picture Association. Go figure.
With the exodus from California, maybe Hollywood will be left holding the (swag) bag.
Meh. I find most of Dreamworks’ stuff to be pale imitations of Pixar and too loaded with topical reference to have any staying power. Not surprised they’re struggling.
Too bad conservatives don’t have more movie production companies and their own version of Hollywood.
&&
And if more conservatives would boycott the America-hating liberal they might get the message that we don’t support their world view.
At the very least we should not be funding our enemies regardless if they get the message or not. I do the best to do my part.
Barclays to Axe at Least 3,700 Jobs in 2013
Published: Tuesday, 12 Feb 2013 | 9:09 AM ET
By: Reporting by Geoff Cutmore, Writing by Shai Ahmed
Antony Jenkins, chief executive officer of Barclays PLC.
Low, single digit growth should be expected while the economic environment remains muted, Barclays CEO Antony Jenkins told CNBC on Tuesday after the group announced it would cut at least 3,700 jobs in 2013 as part of a strategic overhaul.
“The macro economic environment is quite muted so we don’t expect there to be huge top line growth. Low to mid-single digits is what we expect,” Jenkins said.
http://www.cnbc.com/id/100449668
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