DreamWorks Animation has eradicated about 70 of its positions, The Hollywood Reporter has confirmed.
“DreamWorks Animation lowered its workforce by roughly 70 positions,” a spokesperson informed THR. “Roles affected had been throughout company features, characteristic, tv and expertise departments as a part of an total cost-reduction.”
The information comes as DWA readies its Nov. 17 launch of Trolls Band Collectively, the third movie within the hit franchise. Anna Kendrick and Justin Timberlake reprise their roles within the movie, which additionally options the primary new ‘N Sync track in additional than 20 years.
Earlier this yr, DWA launched Ruby Gillman, Teenage Kraken, which stalled on the field workplace, taking in $44.7 million worldwide, in accordance with Field Workplace Mojo.
The studio had extra success the earlier yr with Puss in Boots: The Final Want, which pulled in $481 million worldwide and racked up a slew of awards, together with an Oscar nomination for greatest animated characteristic movie.
On the TV facet, DWA’s slate contains Gabby’s Dollhouse, which streams on Netflix.
Aaron Sofa contributed to this report.