Disney, in hundreds of movies, television extends like industrial woe

Voltu Disney Co., throws several hundred employees along the film and television enterprises, the disconnection of the entertainment industry overseas.

According to the company, the company’s reduction and marketing, propaganda, casting and development are on Monday.

Hollywood has been in a low spiral for several years for several years for several years. Studios reduced the number of films released to increase theater attendance in the theater, especially in pandemic levels. Meanwhile, consumers, streaming services are abolished in favor of advertising and distribution revenues for the operators of traditional channels, cable and television subscribers in favor of the landslide.

Changes require a mass reconstruction of business. Comac Corp, by the end of this year, plans to rotate the majority of cable-TV channels, including MSNBC, USA and CNBC, including MSNBC. Warner Bros. Discovery The Council of Europe has also completed an internal structure that can facilitate the separation of the studio and its inquiries and its cable-television operations. More cuts are expected Paramount global Because the independent film and TV studio chase the merger with the Skyance media.

Burbank, located in Burbank, California, previously overturned its TV networks, including ABC, but eventually decided to protect assets. The company announced a proposal in February 2023, offered 7,000 jobsreduce costs$ 5.5 billion. Disney then increased the target to $ 7.5 billion. Rivals also cast thousands of employees.

The latest decrease is followed by about 200 working cuts along Disney’s ABC and Entertainment TV networks in March. In general, the company eliminated more than 70 tasks in recent years, because it is trying to improve profitability.

The last date of the entertainment industry was the last date for the construction of Monday. Disney had about 233,000 employees, including 76% of the last fiscal year in September.

Disney shares changed less than 112.92 hours in New York.

This story was first displayed Fortune.com

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