EXCLUSIVE: Deadline has learned that layoffs started at Solstice Studios today, impacting all divisions at the company.We hear, for those existing employees remaining, management and executives will take between 25% to 30% deferral in pay.
Still awaiting word as to exactly which executives might be impacted.Let’s face it, it’s been a very hard year during the pandemic for the motion picture industry.
Solstice was the first distributor to release a feature theatrical film as the major circuit movie theaters were reopening during late August.
That movie being Unhinged starring Oscar winner Russell Crowe. Unhinged has grossed $20.8 million at the domestic B.O. and $42.8M WW.
Read more on deadline.com
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