Posted on 09/05/2014 2:30:04 PM PDT by dynachrome
Warner Bros. Entertainment chairman and CEO Kevin Tsujihara has told Warner Bros. employees that layoffs are coming at every level across the studio.
The cuts are coming in the wake of a failed bid by Rupert Murdoch’s News Corp. to buy parent Time Warner and amid disappointing box office performance.
Tsujihara did not disclose how many cuts will take place or which of the three divisions — films, TV and home entertainment — would be most impacted. He sent the memo out late Thursday afternoon, just as the studio’s “The Judge” was opening the Toronto Film Festival, following media reports this week of possible employee reductions.
Tsujihara did not disclose how soon the layoffs would come at the Burbank studio, which has about 8,000 employees and has been the most consistently successful among the Big Six studios in recent years. It’s been at or near the top of box office and set a record last year with $5.03 billion in worldwide grosses.
Forgot to click “excerpt”
” unexpected”
“That’s all folks!”
Now, there is an industry, where a very few make huge incomes off the backs of the lowly workers. I am sure the liberals will propose some changes soon (not...).
What! ABCradio news said the economy was strong!
That was good.
Phhht. Whatever
Bronco’s economy has caught up with Hollyweird.
Thanks!
I was surprised I got it in there first. ;-)
So how’s that hope and change working out for you libs at Warner Brothers? :)
HA HA HA HA
Now they will have plenty of time to join strikes, protests, and other activist causes.
A little more California trimming.
When Hollywood is unwound, the US is definitely unwinding.
Hollyood has disbanded and moved into the White House with Michele and Beebouncy.
not to worry, they can go get jobs in New York City
Perhaps those that have million dollar salaries like the tv actors and movie actors and studio bosses that promote socialism can chip in to help those being laid off??
: )
If they didn’t hate Murdoch and Fox so much, most of those jobs would have been saved.
Warner Brothers Entertainment is far bigger than just the film boxoffice. Isn't WEA still under it (music)? Television? Home video? And possibly publishing (including DC Comics)?
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