Entertainment One

Toronto, Canada
entertainmentone.com
Media

Layoff Date:

February 9, 2021

Laid Off Employees:

Laid Off Percent:

10

Source: Variety
Hasbro-owned Entertainment One is letting go of 10% of its film and TV staff, Variety has confirmed. According to a memo from eOne's head of film and TV, Steve Bertram, the layoffs come amid a move to "evolve the focus and structure of our organization around the world" and comes in response to the "significant disruption the traditional studio model was experiencing as the technology giants invested heavily in their platforms and the creation of original content," which has been accelerated by the pandemic. Recent years have seen the cementing of heavily vertically integrated entertainment companies, from Disney to AT&T-owned WarnerMedia to Comcast-owned NBCUniversal, which have all launched streaming services.
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