Entertainment One is set to cut its film and TV workforce by 10 percent, or around 60 employees, The Hollywood Reporter has confirmed.
The budget chop follows the studio, which employs around 1200 employees, being acquired by Hasbro and integrated into the U.S.
toy maker. Besides the film and TV division, which accounts for around half of eOne's staff count, Hasbro also acquired a licensing and digital division around kids properties like Peppa Pig, PJ Masks and Ricky Zoom.
Hasbro, which released its latest financial results on Feb. 8, pointed to lower full-year TV and film revenues due to COVID-19 related shut downs for live-action productions and shuttered movie theaters.
Read more on hollywoodreporter.com
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