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by Indiewire
July 20, 2006 7:29 AM
1 Comment
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Hollywood Studio Changes Lead to Layoffs and Concern in Tinseltown

In the Los Angeles Times today, Claudia Eller and Richard Verrier report on a wave of growing concern in Hollywood in the wake of changes at a number of studios, Disney being the latest. Citing restructuring, consolidation, and layoffs at MGM, Dreamworks, and Revolution Studios, they indicated:

Disney's firings, which started at the top with the studio's production chief, are the latest in an industrywide contraction that has cost more than 2,000 jobs worldwide. In Los Angeles, particularly, the economic effect is being widely felt. Here, in an industry built on bravado, people are suddenly talking openly about being afraid.

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1 Comment

  • ronald33 | July 21, 2006 7:14 AMReply

    I envision a "New" Hollywood where greed,
    and "business-as-usual" is
    no more.

    This article does indeed
    forecast the END of the
    "old" Hollywood system...
    sort of like karma coming
    around...