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
Looks like Tony Stark got more than he bargained for this time around.
Well these are just fantastic. I am getting very excited for Catching Fire . #CatchingFire #TheHungerGam...
Since the sequel to Beetlejuice is actually happening, of course the next step is discussing which cast members are going to return. We alr...
The Hunger Games casting seems to be going a bit wild right now. This is the third casting announcement in the past couple of days. We go...