Mike Fleming Jr Co-Editor-in-Chief, FilmTough news today as PMRC, the recently announced joint venture between Deadline parent company PMC and MRC, will lay off around 50 of the 250 employees who are coming over from Billboard, The Hollywood Reporter and Vibe.
I got from a THR source a copy of an internal email sent out this morning by MRC co-CEOs Modi Wiczyk and Asif Satchu (read below).
Editorial is not expected to be among those laid off. As often happens in a joint venture like this, layoffs will fall in the area of brand support employees, where there are shared positions in the back offices of PMC and MRC.
Read more on deadline.com