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Layoffs Coming to DreamWorks Animation

Home - by - February 7, 2013 - 21:00 America/New_York - 9 Comments

Hollywood Reporter

An unspecified reduction in staff is planned in the wake of an expected write-down on the November release “Rise of the Guardians.”

DreamWorks Animation will lay off staff in the wake of the weaker-than-expected performance of the studio’s Rise of the Guardians and its announcement Tuesday that it will release two films in 2013 rather than threesources tell The Hollywood Reporter.

The layoffs, which have been rumored for weeks, are expected to hit the Glendale-based animation studio’s production, technology and overhead functions. Sources say no single film project in development will be targeted, though DreamWorks Animation CEO Jeffrey Katzenberg said in a statement Tuesday that theKate Hudson-Josh Gad-voiced Me & My Shadow, which had been slated for release by Fox in March 2014, is being taken off the schedule indefinitely. Mr. Peabody & Sherman, which was set for a Nov. 1 release, now shifts to the March 7, 2014, slot.

“The move of Mr. Peabody & Sherman means that we will now release two films in 2013, and we are adjusting our operating infrastructure costs accordingly,” Katzenberg said in a statement.

A DreamWorks Animation spokesperson declined to comment on whether layoffs will happen. But sources say plans for an unspecified reduction of the company’s 2,000 or so employees already are afoot and should begin before the publicly traded studio reports earnings Feb. 26.

more http://www.hollywoodreporter.com/news/layoffs-coming-dreamworks-animation-418670

» 9 Comments

  1. Welfare Line

    February 7th, 2013

    Time to get some of that Obama stash
    And a free phone.

    Thumb up +8

     
  2. Jethro

    February 7th, 2013

    Sometimes life sucks, even if you live in fantasyland….

    Thumb up +6

     
  3. Boobie the Rocket Dog

    February 7th, 2013

    Sorry. DGAS.

    Thumb up +2

     
  4. hanoverfist

    February 7th, 2013

    But I already bought tickets for Mr. Peabody & Sherman.

    ;-P

    **So when is Freaktown gonna make something
    oh,I dont know.
    Whats the word?

    Oh yeah,NEW!!!

    Thumb up +5

     
  5. Edith McCrotch

    February 7th, 2013

    “When You Hope Upon a Star”

    Thumb up +6

     
  6. BigSlurpy

    February 7th, 2013

    I know Mr. Peabody. Mr. Peabody was a friend of mine . The crap you put out is no Mr. Peabody.

    Thumb up +5

     
  7. Houston

    February 7th, 2013

    This is sad to hear. I actually took the family to this movie expecting nothing. The movie was not only good, it was excellent. I plan to buy it on Blue Ray so we can keep it.

    It actually had a wonderful stories and characters. It had plot to go along with incredible animation.

    This economy sucks. I know we’ve said let it burn before, but I’m so tired of being tired. Every time the economy seems like it might get on track again Washington “Stimulates” it and kills it again. At least if it would finally crash we could rebuild.

    Thumb up +6

     
  8. Stranded in Sonoma

    February 7th, 2013

    I’ll bet you 99.5% of DreamWorks (including the CEO) skipped and hopped to the voting booth while singing Hope and Change to vote for 0bama the second time.

    I feel nothing for any ‘tard that loses their job. I do feel sorry for the conservatives that lose their job because they are smart enough to understand the failure of socialism. The ‘tards don’t even think 0bama is a socialist.

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  9. Boobie the Rocket Dog

    February 8th, 2013

    @ Houston – Which movie are you referring to?

    Of all those mentioned, Mr. Peabody & Sherman sounds the most interesting. But people my age don’t go to theaters (except on Wednesday afternoons for the “Classic Series” which will be showing Casablanca, The Godfather and Lawrence of Arabia in March!)

    I’d say I’d like to see Rocky and Bullwinkle done full-length, but I don’t think today’s Hollywood has the right stuff to make it what it used to be. In fact that may be true of Mr. Peabody and Sherman, too.

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