{"id":86589,"date":"2023-10-13T14:10:47","date_gmt":"2023-10-13T14:10:47","guid":{"rendered":"https:\/\/celebritytidings.com\/?p=86589"},"modified":"2023-10-13T14:10:47","modified_gmt":"2023-10-13T14:10:47","slug":"netflix-axes-two-major-films-and-sacks-staff-in-desperate-bid-to-save-cash-the-sun","status":"publish","type":"post","link":"https:\/\/celebritytidings.com\/tv-movies\/netflix-axes-two-major-films-and-sacks-staff-in-desperate-bid-to-save-cash-the-sun\/","title":{"rendered":"Netflix axes two major films and sacks staff in desperate bid to save cash | The Sun"},"content":{"rendered":"<p>NETFLIX has axed two major films and sacks staff in a desperate bid to save cash.<\/p>\n<p>The streaming giant&#x27;s animation unit is undergoing a restructure, and it will lead to a number of job cuts.<\/p>\n<p><img decoding=\"async\" class=\"aligncenter\" src=\"https:\/\/www.thesun.co.uk\/wp-content\/uploads\/2023\/10\/smartphone-netflix-logo-placed-keyboard-834351386.jpg\"><br \/>\n<img decoding=\"async\" class=\"aligncenter\" src=\"https:\/\/www.thesun.co.uk\/wp-content\/uploads\/2023\/10\/2023-los-angeles-california-hollywood-847862923.jpg\"><\/p>\n<p>It also means it&#x27;s had to cancel two projects that were already in pre-production. <\/p>\n<p>However, a Netflix representative couldn&#x27;t confirm how many <span>jobs<\/span> would be lost or when potential pay offs would begin.<\/p>\n<p>The latest move comes after the company announced in May that it intended to cut $300 million (\u00a3245m) in expenses this year.<\/p>\n<p>But at the time, it ruled out cutting jobs.<\/p>\n<h2>Read More on Netflix<\/h2>\n<p><source media=\"(-webkit-min-device-pixel-ratio: 1.5)\" data-srcset=\"https:\/\/www.thesun.co.uk\/wp-content\/uploads\/2023\/10\/xx-xx-xx-31.jpg\"><source data-srcset=\"https:\/\/www.thesun.co.uk\/wp-content\/uploads\/2023\/10\/xx-xx-xx-31.jpg\"><img decoding=\"async\" class=\"aligncenter\" src=\"https:\/\/www.thesun.co.uk\/wp-content\/uploads\/2023\/10\/xx-xx-xx-31.jpg\"><\/picture><span>NIGHTMARE FUEL <\/span><\/p>\n<h3>Netflix fans warn &#x27;don&#x27;t watch if you want to sleep&#x27; as new horror drops<\/h3>\n<p><source media=\"(-webkit-min-device-pixel-ratio: 1.5)\" data-srcset=\"https:\/\/www.thesun.co.uk\/wp-content\/uploads\/2023\/10\/crop-24268569.jpg\"><source data-srcset=\"https:\/\/www.thesun.co.uk\/wp-content\/uploads\/2023\/10\/crop-24268569.jpg\"><img decoding=\"async\" class=\"aligncenter\" src=\"https:\/\/www.thesun.co.uk\/wp-content\/uploads\/2023\/10\/crop-24268569.jpg\"><\/picture><span>whatsupp! <\/span><\/p>\n<h3>Now The Sun has FIVE WhatsApp channels to join &#8211; from news or sport to showbiz<\/h3>\n<p>Netflix put a new long-term strategy in place following the arrival of vice president Karen Toliver in 2022, and this new restructuring is part of that plan. <\/p>\n<p>Variety revealed that one of the temporarily cancelled projects is Tunga, which was created by producer Godwin Jabangwe and which Netflix was awarded at auction in 2019. <\/p>\n<\/p>\n<p>It is based on the mythology of the Shona culture of Zimbabwe and follows a young girl who searches for the home of the ancient spirits.<\/p>\n<p>She is desperate to find them so she can learn how to summon the rain and save her tribe from a drought.<\/p>\n<h2>Most read in Streaming<\/h2>\n<p><img decoding=\"async\" class=\"aligncenter\" src=\"https:\/\/www.thesun.co.uk\/wp-content\/uploads\/2023\/10\/2020-file-photo-shows-logo-641159927.jpg\"><\/picture><span>SECOND CHANCE <\/span><\/p>\n<h3>Netflix saves popular TV series after shock cancellation by rival streamer<\/h3>\n<p><\/span><span><\/p>\n<p><img decoding=\"async\" class=\"aligncenter\" src=\"https:\/\/www.thesun.co.uk\/wp-content\/uploads\/2023\/10\/sir-david-attenborough-narrator-netflixs-796712366.jpg\"><\/picture><span>DEATH HOAX <\/span><\/p>\n<h3>This is why \u2018David Attenborough dead\u2019 is trending<\/h3>\n<p><\/span><span><\/p>\n<p><img decoding=\"async\" class=\"aligncenter\" src=\"https:\/\/www.thesun.co.uk\/wp-content\/uploads\/2023\/10\/image-released-netflix-shows-elizabeth-772670361.jpg\"><\/picture><span>&#8216;TASTELESS&#8217; <\/span><\/p>\n<h3>The Crown fans LIVID as Princess Diana &#8216;to appear as ghost&#8217; in final series<\/h3>\n<p><\/span><span><\/p>\n<p><img decoding=\"async\" class=\"aligncenter\" src=\"https:\/\/www.thesun.co.uk\/wp-content\/uploads\/2023\/10\/newspress-collage-24360102-1697011474665.jpg\"><\/picture><span>NEW HOME <\/span><\/p>\n<h3>Popular TV series SAVED as rival streamer comes in after sudden axe by Disney+<\/h3>\n<p><\/span><\/p>\n<p>Meanwhile, the other project that has been axed was the previously unannounced Escape From Beverly Hills.<\/p>\n<p>Netflix is exploring recruiting outside deals to &quot;keep its animated content volume consistent&quot;, according to Variety.<\/p>\n<p>Source: <a href=\"https:\/\/www.thesun.co.uk\/tv\/24390494\/netflix-axes-two-major-films-sacks-staff-save-cash\/\" target=\"_blank\" rel=\"noopener\">Read Full Article<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>NETFLIX has axed two major films and sacks staff in a desperate bid to save cash. The streaming giant&#x27;s animation unit is undergoing a restructure, and it will lead to a number of job cuts. It also means it&#x27;s had to cancel two projects that were already in pre-production. However, a Netflix representative couldn&#x27;t confirm how many jobs would be<\/p>\n","protected":false},"author":2,"featured_media":86588,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[6],"tags":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v21.8 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Netflix axes two major films and sacks staff in desperate bid to save cash | The Sun - Celebrity Tidings<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/celebritytidings.com\/tv-movies\/netflix-axes-two-major-films-and-sacks-staff-in-desperate-bid-to-save-cash-the-sun\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Netflix axes two major films and sacks staff in desperate bid to save cash | The Sun - Celebrity Tidings\" \/>\n<meta property=\"og:description\" content=\"NETFLIX has axed two major films and sacks staff in a desperate bid to save cash. 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