Just a couple of weeks ago, Sony Pictures Entertainment decided to close Pixomondo, the Oscar- and Emmy-winning VFX and virtual production company that it acquired in 2022. That, unfortunately, was far from the end of its new strategy.
Variety reports that SPE is planning hundreds of layoffs across its film, TV, and corporate divisions. These “few hundred” out of 12,000 employees are already getting fired, and the process is expected to continue in the coming months.
Colin Davis, EVP of Comedy Development, is one of the people SPE has lost.
Interestingly, Variety’s sources say the layoffs are not a “cost-driven exercise,” but a “targeted and strategic” choice for growth in several areas: franchise strategy and brand extension, anime, experiences, next-gen content, platform-native content and utilization of YouTube, and Sony Group ecosystem connectivity, including video game adaptations.
As a part of the restructuring, Sony’s Game Show Group will be combined with Game Show Network, led by game shows president Suzanne Prete, and Sony Pictures Television’s non-fiction division will move under TV studios president Katherine Pope.
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