EXCLUSIVE: Oscar nominee Jonathan Pryce (The Two Popes) has joined two-time Oscar nominee Steve Coogan in feature drama The Penguin Lessons, which recently wrapped in Spain.
01.12.2023 - 20:03 / deadline.com
Lionsgate, which agreed to buy eOne last August, is cutting the production outfit’s already-depleted workforce by a single-digit percentage as the acquisition approaches its official close at the end of the month.
A personal familiar with the integration process confirmed the layoffs to Deadline but cast doubt on media reports earlier Friday estimating that 10% of staffers would be let go. Certain workers are expected to remain with Lionsgate during a brief transition period before departing, while others are exiting in the near term.
Before Lionsgate emerged from a pack of suitors with the winning bid, eOne had gone into play due to a strategy shift at Hasbro. The toymaker, which acquired the film and TV production entity for about $4 billion in 2019, has stepped back from Hollywood fare but retained eOne kids and family properties like Peppa Pig and My Little Pony.
The roster of titles moving to Lionsgate includes TV series like Yellowjackets, The Rookie and the Naked and Afraid franchise. On the film side, eOne has had a mixed run of late, with recent releases including sci-fi misfire The Creator and steady-grossing specialty title Mrs. Harris Goes to Paris.
Reps from Lionsgate and eOne declined to comment on the layoffs.
Lionsgate execs cited the eOne deal and the SAG-AFTRA strikewhen they postponed a shareholder vote on the company’s planned separation of its studio and Starz businesses. After evaluating several strategic alternatives, the company decided to separate Starz and the studio operation, creating two publicly traded entities.
“We remain committed to the separation of Lionsgate and Starz,” CEO Jon Feltheimer said during the company’s quarterly earnings call last August. “With the impact of the eOne
EXCLUSIVE: Oscar nominee Jonathan Pryce (The Two Popes) has joined two-time Oscar nominee Steve Coogan in feature drama The Penguin Lessons, which recently wrapped in Spain.
Marc Malkin Senior Editor, Culture and Events Annie Starke doesn’t want to talk about last Christmas. The host of the freshly minted Magnolia Network show, “The Mountain Kitchen,” admits her family dinner was a disaster. “I probably had too many drinks in the morning,” Starke tells me, laughing.
Construction of the University of Bolton’s Institute of Medical Sciences has injected more than £12m into the local economy. The medical training college, which is due to open in 2024, has far surpassed its local spend targets, with current figures for expenditure within a 20-mile radius totalling £12.3m, more than doubling its initial target of £6m.
UTA-backed Klutch Sports Group has acquired sports agency REP 1 Baseball, using it as a foundation for a newly formed division, Klutch Baseball.
EXCLUSIVE: Lionsgate‘s follow-up to the $315M global grossing feature Wonder, White Bird: A Wonder Story, will be returning to the theatrical release calendar with a new date of Oct. 4, 2024.
Emmy winner and Oscar nominee Glenn Close has been tapped to portray the legendary Harper’s Bazaar editor-in-chief Carmel Snow in Apple TV+’s The New Look. The streamer revealed the news today along with two first-look photos of Close as the character. You can see them below. The role marks the first reunion for Close and The New Look creator Todd A. Kessler since their collaboration on the acclaimed series Damages.
EXCLUSIVE: Judy Greer (White House Plumbers) and Pete Holmes (Crashing) have entered production in Winnipeg on The Best Christmas Pageant Ever, an inspirational comedy that The Chosen’s Dallas Jenkins is helming for Lionsgate and Kingdom Story Company.
EXCLUSIVE: The Terrifier franchise has been one of the biggest success stories in grassroots genre moviemaking in recent years. The second movie in the slasher franchise showcasing the murderous Art the Clown was made for only $250k but last year took $11M domestic and another $4M internationally.
Saw XI is coming soon!
“The game continues.”
EXCLUSIVE: In the latest sign of the industry’s changing times, Disney last week announced that Hulu original Only Murders in the Building would air on ABC in January. New data provided to Deadline by Tubular Labs shows the logic behind the scheduling move.
EXCLUSIVE: Indian filmmaker Nikhil Nagesh Bhat has signed with WME.
Banijay Asia Unveils Leadership Team Following Endemol Acquisition
Canada’s media guild has reacted with shock following the announcement CBC/Radio-Canada will cut approximately 10% of its workforce and bring down its program spend by C$40M ($29.6M) to reduce a major budget shortfall.
EXCLUSIVE: American Documentary has acquired Elaine McMillion Sheldon’s award-winning documentary King Coal for the upcoming season of POV, the longest-running nonfiction series on television.
Spotify has announced it will cut down 17 per cent of its workforce in order to save costs.The streaming platform previously laid off 6 per cent of its staff earlier this year in January, saying at the time it was doing so to promote “speed”.This time, chief executive Daniel Ek has said he made the “difficult” decision as economic growth has “slowed dramatically”. Spotify employs around 9,000 people, meaning 1,500 jobs will be lost in the current round of layoffs.“I recognise this will impact a number of individuals who have made valuable contributions,” Ek wrote.
Music streaming service Spotify will cut about 17% of its global workforce, becoming the latest big tech company feel the bite of the economy.
Ellise Shafer Spotify is laying off 17% of its global workforce in order to cut costs, CEO Daniel Ek said on Monday. According to the Financial Times, Ek made the announcement in an internal memo sent to staff.
There have been tons of film adaptations of Stephen King‘s work over the years, but there’s one early novel of the prolific writer that’s never made it to the big screen: 1979’s “The Long Walk.” Several filmmakers have eyed the book for a movie over the years, including George A. Romero and Frank Darabont.
OK! has put together a comprehensive guide to the shopping event with answers to common questions like when is Black Friday 2023? With Hollywood’s SAG Strike officially over, the cast of the summer’s biggest movie, Barbie, are back on their press tour, and it seems some time away has done nothing to dull Margot Robbie’s incredible fashion sense. Over the summer, the Barbie press tour saw Margot, who played the titular role in Greta Gerwig’s hit movie, wearing perfect interpretations of the fashionable doll’s outfits IRL, and despite some time away from the tour, her latest Barbie-inspired outfit is another bit hit.