Mouse to cut back on pix, personnel
Disney set to slash output, staff
More Articles:
Most Viewed:
'New Moon' breaks box office records(6423 views)'Avatar' toys with augmented reality(2557 views)Spielberg, King team on 'Dome'(2464 views)Ever capable entrepreneur(1814 views)Planet 51(1636 views)'Oprah' to end run in 2011(1476 views) |
The Mouse House will announce within the next 10 days that it's cutting back on the number of films it makes to around eight per year -- it currently releases around 18 -- and will substantially reduce its workforce. All movies will be Disney-branded, meaning companies like Touchstone could be vastly diminished.
The cutbacks will be far greater than many anticipated, as Walt Disney Studios chairman Dick Cook looks to reinvent the architecture of his studio. Move reflects an effort to improve the studio's return on investment and get infrastructure back into line.
While Disney's having a grand summer with "Pirates" and with Pixar's "Cars," this year has seen some major misfires: "Stick It," "Annapolis," "Stay Alive" and especially "The Wild."
So while the general population wonders how a studio can claim "money problems" after a record-breaking opening -- "Pirates" took in a whopping $135 million in its first weekend, and business is brisk even midweek as it heads into another huge weekend -- the move re-emphasizes the fact that studios are looking to cut costs amid increasing overhead, production budgets and marketing bills.
