Hollywood Studios Make Cuts in Home Entertainment
Lagging DVD sales hurt employment
Ailing DVD sales are not only bad for bottom lines; they’re also bad for employment. Deadline Hollywood reports Warner Bros. laid off 50 employees from its home entertainment and consumer products divisions. The redundancies amount to just 1 percent of the company’s domestic workforce, but the move represents a larger shift in the industry.
Warner Bros. said it would only execute "limited staff reductions," and other Hollywood Studios are toeing the same line. Lionsgate laid off 10 people in home entertainment and 20th Century Fox laid off 22 employees from its home entertainment and information technology divisions.
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