EXCLUSIVE: Hasbro’s reshaping of eOne continues with multiple sources telling us that the latter will cease theatrical operations in the UK. There will be staff reductions in the UK, which we…
. Just three years ago, the company scored its biggest ever success in the territory with Oscar winner, while this year it has only managed three movies and has none on the horizon. Among this year’s releases were, which took $17M. Neither ignited with audiences.
The backdrop in the UK is stark. Embattled cinema chain operator Cineworld Group last month filed for administration in the territory and suspended trading on the London Stock Exchange as part of a restructuring plan to reduce massive debt. Fellow cinema chain Empire Cinemas is also entering administration and looking to sell multiple sites. Meanwhile, arthouse cinema is increasingly under pressure.
eOne maintains a UK TV and home ent presence but it’s not clear for how much longer. Managing Director in the territory is Kezia Williams who remains in place. We hear the lease is up soon on the central London office and that local staff aren’t expecting it to be renewed. The changes at eOne UK come as Hasbro looks to sell off most of the company’s global film and TV assets (Hasbro is holding onto the family brands division housing
Australia Latest News, Australia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
The New York Times is shutting down its math-based puzzle gameThe NYT had pitched Digits from the start as a beta.
Read more »
Dina Manzo unfollows Teresa Giudice, Luis Ruelas on Instagram after shutting down feud rumorsA source told Page Six in April that there was “zero issue” between Giudice and Manzo.
Read more »
SAG-AFTRA Strike: Pay Disparity, Artificial Intelligence and More Demands ExplainedSAG-AFTRA went on strike on July 14th, effectively shutting down Hollywood -- here's what they're demanding and why the studios can't agree.
Read more »
Tallulah Willis proudly rocks bikini after struggles with body dysmorphia, eating disorder: ‘I’m hot’The fashion designer posed in a two-piece from swimwear brand Tropic of C, months after shutting down a body-shaming troll on Instagram.
Read more »
Scarce Open Market Supply of Top Two Gold Tokens as Concentration Levels Run High Among Top Holders – Altcoins Bitcoin NewsAlthough the total number of PAXG and XAUT tokens reaches nearly 500,000, their distribution is relatively concentrated. GoldTokens GoldBackedCrypto
Read more »