1091 Media laid off roughly 25% of its workforce on Friday, resulting in nine employees in the company’s marketing and distribution division, as well as other areas, losing their jobs.
In addition to the layoffs, COO and CFO Chad Blackwell and Chief Revenue Officer Julie Dansker also announced that the indie distributor will release fewer films going forward as part of a shift in its strategic vision.
“We have a new strategic vision, which focuses on four to six traditional theatrical releases a year, continuing to build on a strong, curated slate of ancillary/non-theatrical titles,” Blackwell and Dansker wrote in a staff memo. “This realignment of our priorities will more effectively service our filmmakers and the broader content creator community in the next chapter of our growth.”
Also Read: The Orchard's Film Group Acquired by 1091 Media Investment Group
The reductions and shift in focus come just a few months...
In addition to the layoffs, COO and CFO Chad Blackwell and Chief Revenue Officer Julie Dansker also announced that the indie distributor will release fewer films going forward as part of a shift in its strategic vision.
“We have a new strategic vision, which focuses on four to six traditional theatrical releases a year, continuing to build on a strong, curated slate of ancillary/non-theatrical titles,” Blackwell and Dansker wrote in a staff memo. “This realignment of our priorities will more effectively service our filmmakers and the broader content creator community in the next chapter of our growth.”
Also Read: The Orchard's Film Group Acquired by 1091 Media Investment Group
The reductions and shift in focus come just a few months...
- 5/3/2019
- by Trey Williams
- The Wrap
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