The studios sure are firing a lot of people in order to re-invent cable
Posted: Sun Jun 08, 2025 6:37 pm
Debt-saddled studios are laying off people in the hundreds.
They also dream of becoming that highest level of Hollywood artistic merit: A "platform."
Over the last few few years, we’ve reported pretty regularly on firings and layoffs at all of the big media companies, often wiping hundreds, and, in the aggregate, thousands of jobs out over multiple waves of cuts. Some of these have been in the departments that directly make TV and movies, but way more of them have been in the fields that support that work: marketing, finance, development, all the less forward-facing jobs that allow a studio to function. The fact that these nigh-constant layoffs have been happening at a time when it feels like streamers have been spewing out more and more “content” might feel paradoxical, but a new report from Puck‘s Matthew Belloni breaks down at least two of the reasons so many studios seem to be shrinking: Massive (and somewhat panicked) debt-reduction efforts, and a simultaneous push to smoosh as many diverse parts of these companies as possible down into a few consolidated groups...
➤➤➤ SEE MORE @ AVCLUB
They also dream of becoming that highest level of Hollywood artistic merit: A "platform."
Over the last few few years, we’ve reported pretty regularly on firings and layoffs at all of the big media companies, often wiping hundreds, and, in the aggregate, thousands of jobs out over multiple waves of cuts. Some of these have been in the departments that directly make TV and movies, but way more of them have been in the fields that support that work: marketing, finance, development, all the less forward-facing jobs that allow a studio to function. The fact that these nigh-constant layoffs have been happening at a time when it feels like streamers have been spewing out more and more “content” might feel paradoxical, but a new report from Puck‘s Matthew Belloni breaks down at least two of the reasons so many studios seem to be shrinking: Massive (and somewhat panicked) debt-reduction efforts, and a simultaneous push to smoosh as many diverse parts of these companies as possible down into a few consolidated groups...
➤➤➤ SEE MORE @ AVCLUB