Lionsgate Cuts 15% Of Global Motion Picture Group

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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.

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Dave McNary Film ReporterLionsgate is laying off 15% of its motion picture group, citing the impact of the COVID-19 pandemic.Joe Drake, chairman of the motion picture group, informed employees of the cuts on Thursday. A source said the layoffs will impact about 15% of the department.“While our business remains fundamentally strong, we are not immune to the ongoing COVID crisis that is impacting us like so many other studios,” Drake said in a note to employees.

Also Read: Facebook Exec Kamala Avila-Salmon Named Lionsgate's First Head of InclusionDrake returned to the studio two years ago, and in 2019 Lionsgate saw three films hit #1 and doubled its performance from the year prior.Read the letter from Drake to Lionsgate Motion Picture Group staff below.Dear Colleagues:This past May we began the process of reimagining the Motion Picture Group, not only to address this moment of extraordinary change, but to position the group to operate and grow in