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Showing results for "Entertainment Layoffs"
BUSINESS
California Officials Vow 'Vigorous' Review of $111 Billion Warner-Paramount Merger
Attorney General Rob Bonta and U.S. lawmakers warn the massive media tie-up could trigger job cuts and stifle Hollywood competition.
· 2 min read
BUSINESS
Hollywood’s Big Shrink: Industry Jobs Plummet 30% Since 2022 Peak
A 'downward spiral' of production cuts, aggressive AI adoption, and tax-incentive shifts has wiped out 42,000 jobs in Los Angeles County alone.
· 2 min read
BUSINESS
Ubisoft Cuts 105 Jobs at Red Storm Entertainment as Studio Exits Game Development
The legendary Tom Clancy developer will pivot to IT and engine support after a third round of staff reductions in three years.
· 1 min read
FILM
Hollywood's Cold Front: Production Plummets as Studios Slash Jobs
From Disney layoffs to an $800 million spending drop in Georgia, the industry faces an "existential" crunch following the 2023 strikes.
· 2 min read
BUSINESS
The Great Gaming Pivot: AI and Creator Content Rise Amid Massive Studio Cuts
Microsoft and Sony lead a shift toward sustainable growth as Unity’s 2024 report reveals 62% of studios now embrace AI development tools.
· 2 min read
BUSINESS
"This is Not About Consolidation": Paramount Finalizes $110 Billion Warner Bros. Discovery Merger
The blockbuster deal creates a media titan saddled with $79 billion in debt, as Paramount+ and HBO Max prepare to unite against Netflix.
· 2 min read
BUSINESS
"The Industry is Changing": iPic Theaters Files for Second Bankruptcy and Shuts Locations
Luxury cinema chain iPic Entertainment enters Chapter 11 to pursue a sale, announcing layoffs and the closure of its Redmond theater as ticket sales slump.
· 1 min read