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Home Studios DreamWorks

DreamWorks Animation to Have Major Layoffs

Alissa Roy by Alissa Roy
February 22, 2013
in DreamWorks, The Latest Animation News
2 min read
1
DreamWorks-Animation-Official-Logo

oriental-Dreamworks-logoOn February 5th, 2013, DreamWorks Animation announced that it will layoff 20-25% of all employees. Since the company employs over 2,000 people, hundreds of people will probably be laid off. This means that many people will be let go from working on DreamWorks movies such as Me and My Shadow and Mr. Peabody and Sherman. Employees finishing the movie Turbo will also have trouble finding work in other DreamWorks productions.

Me and My Shadow is being pushed back into development, and Mr. Peabody and Sherman will now be released in 2014 rather than 2013.

This year, DreamWorks will release The Croods and Turbo. 2014 will potentially be releasing Mr. Peabody and Sherman, How to Train Your Dragon 2, and Happy Smekday! if nothing else is pushed back.

According to Fox News, the layoffs could be because of the company’s growing developments in China. Rather than producing Kung Fu Panda 3 in the US, DreamWorks will instead be creating it in China in a new joint venture with Shanghai Oriental DreamWorks Film and Televions Technology Co. The movie is slated to be released in 2016. DreamWorks will own 45% of the company, and it’s China partners will own 55%. If they had produced the movie in America, DreamWorks could have employed somewhere between 300 and 600 artists. This could hinder more jobs in the future if DreamWorks chooses to produce movies in China rather than in America. It should be noted that Disney Studios are also branching out into China.

Rise of the Guardians, which was not the expected blockbuster hit, could also be partly responsible for these layoffs.

What does this mean for animation? Will the quality of the movies that we love be affected?

Best of luck to everyone at DreamWorks.

Sources: CartoonBrew, Fox News

 

Tags: layoffs
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Alissa Roy

Alissa Roy

Alissa is a student at the Rochester Institute of Technology, studying Media Arts & Technology. Her hometown is in the Middle-of-Nowhere, NY, where winter is approximately 6 months of the year. She is extremely nerdy, and loves all things animated, literary, or Harry Potter related. Her older sister spawned her love of animation by dragging her downstairs at 2 a.m. every morning and making her watch various films until their parents took them back to bed. Some of her all-time favorite films include Mulan, The LEGO Movie, Up, Tangled, and The Lion King. She also collects old Peanuts comic strips, and spends her free time reading, writing for the Rotoscopers, and working a variety of jobs. You can follow Alissa on Instagram and Twitter: @ThisAlissa. See her work here.

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