UPDATE: DreamWorks Animation Layoffs Could Reach 500 Amid Slate Pullback

By | Wednesday February 6, 2013 @ 11:16am PST

UPDATE, 11:16 AM: “Sizable” layoffs are coming. It’s just a matter of how many, and when. DreamWorks Animation may cut up to 500 employees in the next few months, sources tell Deadline. That’s potentially 23% of its 2200-strong animators, tech, and support staff, axed in the wake of a flop and key release date changes for Mr. Peabody And Sherman (moved off the 2013 calendar and into 2014) and Me & My Shadow (sent back into development). Those calendar shifts created a workload deficit for the studio, which will have to trim production staff as a result. Just last month, DreamWorks Animation made Fortune’s Best Companies To Work For list.

PREVIOUSLY, TUESDAY PM: On Tuesday, distributor Fox delayed DreamWorks Animation’s 3D pic Mr. Peabody and Sherman to spring 2014, reducing the company’s 2013 slate from three wide releases to two. At the same time, Me & My Shadow, an animation planned for 2014 featuring the voices of Kate Hudson, Josh Gad, and Bill Hader, was taken off the schedule altogether and reverted into development. “[We] are adjusting our operating infrastructure costs accordingly,” CEO Jeffrey Katzenberg said in a statement. Read More »

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‘Mr. Peabody & Sherman’ Release Date Moved To March 7, 2014

By | Tuesday February 5, 2013 @ 5:20pm PST

The release date for Mr. Peabody & Sherman has been pushed to March, 7, 2014 from its original date of November 1, 2013.  DreamWorks Animation announced late today that it had decided to change the date at the … Read More »

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