Hollywood Nightmare: From Netflix’s Stock Swoon to Mass Layoffs, Anxiety Grips Industry
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variety.comreorganized its marketing department once again, axing writers on its fledgling Tudum fan site five months after launch. And the fallout from the Warner Bros.
Discovery merger and Amazon’s acquisition of MGM has just gotten underway, with top exec Michael De Luca exiting the latter April 27 and squashed initiatives at the former.
Neither the disrupted nor the disruptors are feeling too good these days. “We’re all waiting on pins and needles for someone to pull the figurative trigger on the inevitable restructuring,” says a Warner Bros.
Discovery staffer, no doubt aware that the $3 billion in cost-saving synergies CEO David Zaslav has promised is really just corporate code for layoffs.
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