I guess distributing Michael Bay movies has finally taken its toll on Paramount.
The company announced they are eliminating 110 positions from the company including spots in finance, IT, legal, and marketing. This follows previous layoffs Paramount made in 2008 where they reduced their workforce by 7% across the board.
This also follows a rather low income year for the studio. Ironically enough, the biggest hit they had this year was World War Z which brought in over $500 million at the box office. It is joined by flops such as Hansel & Gretel: Witch Hunters and Pain & Gain. Despite the flops Paramount is expected to end on top with the releases of Nebraska, The Wolf of Wall Street, and Anchorman: The Legend Continues. Marketing is currently working on campaigns for these films, but seeing that the marketing department is suffering layoffs who knows how in depth the campaigns will be.
In addition to Paramount layoffs, NBC announced that NBC Digital will be reducing their workforce by 5%. Not a great time to work in the entertainment industry, I guess.
The past seven days
-
Akira seems to have some life once again. The question is for how long. Daredevil writer/showrunner Marco J. Ramirez has been tapped by ... -
$750+ million dollars later, Disney saw one of its biggest releases in recent years with Maleficent . Despite how lousy the movie itself was... -
This is pretty random but I love it. AMC announced they are going to be airing seasons 1 and 2 (18 episodes total) of The Walking Dead in...
No comments:
Post a Comment