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Budget Cuts at Entertainment One

Started by Baron, June 23, 2023, 12:25:31 PM

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Baron

June 23, 2023, 12:25:31 PM
Quote:
Entertainment One, the studio owned by Hasbro, is going through layoffs expected to impact 20% of its film and TV staff. "This workforce reduction is part of the ongoing transformational changes Hasbro announced in January to substantially reduce costs and increase growth rates and profitability," said a Hasbro rep in a statement to Deadline. Hasbro is in the process of selling a majority stake in most of eOne's film and television assets.

hedgehobbit

#1
June 24, 2023, 03:18:53 PM
The articles I've read seem to leave out the most important part: Is eOne even working on any new movies? This kinda reminds me of when Universal created an entire company with hundreds of employees to manage their Dark Universe. With Rise of the Beats doing poorly at the box office, it doesn't seem like the teased Hasbro cinematic universe is going anywhere soon.
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