{"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":"
NETFLIX has axed two major films and sacks staff in a desperate bid to save cash.<\/p>\n
The streaming giant's animation unit is undergoing a restructure, and it will lead to a number of job cuts.<\/p>\n
\n<\/p>\n
It also means it's had to cancel two projects that were already in pre-production. <\/p>\n
However, a Netflix representative couldn't confirm how many jobs<\/span> would be lost or when potential pay offs would begin.<\/p>\n The latest move comes after the company announced in May that it intended to cut $300 million (\u00a3245m) in expenses this year.<\/p>\n But at the time, it ruled out cutting jobs.<\/p>\n 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 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 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 She is desperate to find them so she can learn how to summon the rain and save her tribe from a drought.<\/p>\n <\/span><\/p>\n <\/span><\/p>\n <\/span><\/p>\n <\/span><\/p>\n Meanwhile, the other project that has been axed was the previously unannounced Escape From Beverly Hills.<\/p>\n Netflix is exploring recruiting outside deals to "keep its animated content volume consistent", according to Variety.<\/p>\nRead More on Netflix<\/h2>\n
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