Head of Warner Bors. promised to cut movie and TV budgets
Warner Bros. Film and Television Production Costs will be cut by more than $ 200 million. According to The Hollywood Reporter, this was announced by the head of the company, Kevin Tsujihara, speaking to investors. Thus, the announced reduction turned out to be twice as much as previously assumed by market analysts. Tsujihara also admitted that the studio had several major flops in 2014, without specifying which paintings in question. "We had a tough summer. The box office at the US box office has dropped significantly, and this has affected not only our studio," he said. Head of Warner Bros. confirmed that all divisions of the company are expecting large-scale reductions, but also did not name the percentage of employees who will be laid off. As a reminder, in mid-September 2014 it was reported that more than 1,000 employees could receive the final payment, which is more than 10 percent of the total number of employees worldwide. Note that the speech of the head of Warner Bros. coincided with a large-scale announcement of the studio's movie premiere schedule. It featured 10 comic book adaptations, including Justice League and the new Green Lantern, three LEGO movies, and three Potter spin-offs. The Topic of Article: Head of Warner Bors. promised to cut movie and TV budgets. |
