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eOne Shutting Down U.K. Theatrical Distribution Business Amid Hasbro Cost-Cutting
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variety.comNaman Ramachandran eOne is shutting down its U.K. theatrical distribution business, owner Hasbro has confirmed to Variety. Hasbro acquired eOne in 2019 for $3.8 billion.
The theatrical business in the U.K. was robust at that point with titles like “The Aeronauts,” “Sorry We Missed You” and “Official Secrets” displaying decent legs at the box office.
In early 2020, eOne scored a mighty box office success with Sam Mendes’ awards season darling “1917,” which grossed more than $57 million in the U.K.
There was a steady flow of releases in the months following. From 2021, a series of cost-cutting measures began, with eOne announcing that it would be laying off 10% of its film and television staff.
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