Lionsgate has laid off 25 employees mostly from its motion picture group as part of a restructure.
The move comes on the back of a lacklustre 2018 at the box office that saw the studio’s Us market share drop from 8% to 3.4%.
Lay-offs includes eight staffers from the motion picture group in the New York office. Motion picture group chairman Joe Drake, who assumed the role last year, is consolidating most of Us and international theatrical operations under one roof at the studio’s Santa Monica headquarters. The studio employs around 1,600 in total.
In a further development,