Lionsgate is laying off more employees within its film group amid the ongoing coronavirus pandemic. "While our business remains fundamentally strong, we are not immune to the ongoing COVID crisis that is impacting us like so many other studios," Motion Picture Group CEO Joe Drake said in an internal email obtained by The Hollywood Reporter.
The cuts are understood to be around 15 percent of an overall film group workforce of around 450 employees. Besides the current coronavirus pandemic accelerating the need for a streamlining of the film group, the shift to streaming viewership has also brought about the job losses.
Read more on hollywoodreporter.com
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