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About 250 jobs will be cut from the film studio, the LAT is reporting. That's only 5 percent of the company's global workforce, but the Times says that the bulk of them will be out of Burbank.
The sources said reductions would hit some divisions -- particularly distribution -- harder than others. Over the last several years, Walt Disney Co. Chief Executive Robert A. Iger has restructured the studio, scaling back the number of movies it produces and releases. Disney sold off its Miramax Films specialty movie label last year and consolidated the Burbank studio's marketing and distribution operations.
Mark Lacter created the LA Biz Observed blog in 2006. He posted
until the day before his death on Nov. 13, 2013.