Iger Announces Third Round of Layoffs For Walt Disney Co. Employees
By Movieguide® Contributor
According to Deadline, Disney began their third round of planned layoffs yesterday. Disney recently began their previous layoffs in late March.
The third round of layoffs is expected to affect more than 2,500 people across the entire company. The Parks and Resorts divisions are likely to remain untouched, however it is unclear as to where the main division cut will be.
In the second round of layoffs, the television division was the main one affected. Bob Iger, Disney’s CEO confirmed in March that this third round of layoffs is expected to be the last. However, there could still be small job cuts in the future.
The third round of layoffs is primarily due to the writers’ strike. Which has halted the film and TV development industry. For TV and film development to get back on its feet again, content will be a major factor as far as profits go.
Hollywood has started noticing an increase in box office revenue in films that cause people to think heavily on their faith.
Movieguide® recently reported on why Hollywood has seen such an increase in faith-based films:
While the trend has taken Hollywood by surprise, there are some clear-cut reasons for audiences’ renewed interest in uplifting entertainment.
The audience for faith-based films has grown, particularly among Christians. According to a study by Barna Group, a research organization that tracks religious trends.
“Four out of ten adults (41%) said that within the past two years they had seen a movie that had caused them to think more seriously about their religious faith,” the study stated.
This has created a demand for more films with religious themes.
Faith-based films have also proven to be profitable. Low budget movies such as “God’s Not Dead” produced $65 million on a $2 million budget. Which attributed to a huge financial success within the industry.
Movieguide®’s annual Report to the Entertainment Industry has shown that year after year, movies with moral, family-friendly, and uplifting content perform better at the box office than movies with excessive foul language, violence and sex.
