Producers, writers, and everyday employees are being fired while these men take home billions of dollars. At the top of this year, layoffs were abounding all over Hollywood. People at every major studio were losing their jobs, and they numbered in the thousands. This was all due to studios attempting to cut costs and raise their stock prices. Lionsgate consolidated and dumped around 400 jobs and late last year, places like Spotify laid hundreds of people off in their scripted podcast division of Gimlet. As the LA Times reported in February, "Warner Bros. Discovery cut hundreds of jobs over the last year, including at CNN; Netflix followed a similar tack. Now United Talent Agency, NBCUniversal, and Paramount Global are laying off employees too, as are tech companies — a sector that’s increasingly entangled with media and entertainment interests." And Vanity Fair reported around 7000 people lost their jobs at Disney. But where was the cut money going? Well, to be frank, to the CEOs. Read More...
Published By: NoFilmSchool - Monday, 8 May, 2023