EXCLUSIVE: Hasbro’s reshaping of eOne continues with multiple sources telling us that the latter will cease theatrical operations in the UK.
There will be staff reduction in the UK, which were factored into the cuts we’ve reported on in recent months. Hasbro’s cost-cutting plan, announced in January, involves shedding 15% of the company’s global workforce this year, or about 1,000 positions.
Hasbro declined to comment on the move to end UK theatrical. This is the latest bitter pill to swallow in a UK market whose distribution landscape has been hammered in recent years.
Hit by Covid and inflation, as well as grappling with shifting viewing habits and strain on infrastructure, the sector hasn’t yet recovered to pre-pandemic levels.
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