DreamWorks Animation seems to have a bit of bad luck as the company will now start laying-off many of their employees and rework their infrastructure. Instead of releasing three films a year, it will now cut back to two, creating … Continue reading

DreamWorks Layoffs and Movie Delays

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DreamWorks Animation seems to have a bit of bad luck as the company will now start laying-off many of their employees and rework their infrastructure.

Instead of releasing three films a year, it will now cut back to two, creating the delay of many potential films. Though there is not a concrete reason why this is being done, it seems that it comes with the disappointment of “Rise of the Guardians.” This recent film did make $300 million, but because the extravagant marketing and production cost, it had a loss of $96 million.

The company has an estimated 2,000 employees, but it is unknown how many they will cut and it will occur February 26. The financial woes of the company happened just after they signed a five year deal with Fox as their global distributor.

Some of the films affected are: “Mr. Peabody and Sherman,” shifting from this November to next year; “Me and My Shadow” which was in-line for a March 2014 debut, has been taken off the schedule indefinitely.

It remains to be seen if DreamWorks next offerings will do the job, especially if they cannot control their outside-production costs. For those anticipating the company’s newest, the next five films and their dates are as follows: “The Croods” on March 22, “Turbo” for July 19, and next year will see “Mr. Peabody and Sherman,” “How to Train Your Dragon 2,” and “Happy Smekday!” will round out the last of next year. So, will there be a mighty change in store for DreamWorks or will the quality and finance dwindle for these purveyors of film? Only time will tell.

Source: THR