We are shaken and stirred… the studio will gain creative control of future productions, while longtime franchise custodians Michael G. Wilson and Barbara Broccoli step down as producers but retain the ‘co-owner’ title.
The sad news was announced Wednesday in a company memo from entertainment chief Mike Hopkins, who cited the need to reduce costs ‘to deliver even more breakthrough movies, TV shows, and live sports’ as the reason for the workforce cuts; 500 workers will also be cut at Amazon’s Twitch live streaming platform.
Deal gets e-commerce and streaming giant extensive library of more than 4,000 films and 17,000 TV shows, including ‘Rocky,’ ‘The Pink Panther,’ ‘Tomb Raider,’ and a part of ‘James Bond.’
Studio head's contract renewal expands her responsibilities to include production of animation for series and streaming.
