DreamWorks Will Shut Down PDI/DreamWorks Studio

[abelenkpe]

http://www.cartoonbrew.com/business/breaking-dreamworks-animation-will-shut-down-pdidreamworks-studio-over-500-jobs-will-be-eliminated-108161.html

BREAKING: DreamWorks Will Shut Down PDI/DreamWorks Studio; 500 Jobs Will Be Eliminated


BREAKING! The beleaguered DreamWorks Animation just announced in a written statement that it will eliminate approximately 500 jobs at its company, far exceeding the previously anticipated number of layoffs. Many of those five hundred layoffs will come from the unexpected shutdown of one of its main studios, PDI DreamWorks, in Redwood City, California.

The closing of that studio will begin immediately. The studio is expected to begin holding private one-on-one meetings with PDI artists as early as tomorrow, and offering some of them an opportunity to relocate to the southern DreamWorks campus in Glendale, California.

The layoffs at PDI and Glendale will be structured as “equal force reductions,” according to a report by the Animation Guild. That’s possible because of the PDI artists who are being offered the opportunity to relocate. Any artist who leaves the studio will be paid an additional sixty days of wages after the layoff.

(More at link)


And yet.....


http://www.cartoonbrew.com/business/first-look-at-2-4-billion-oriental-dreamworks-complex-in-shanghai-97679.html

First Look at $2.4 Billion Oriental DreamWorks Complex in Shanghai

Last week DreamWorks revealed the first renderings of the Dream Center, a 40-acre, $2.4 billion development in Shanghai, China. Scheduled to open in 2017 (or early-2018), the site will house the Oriental DreamWorks production studio, which is currently working on Kung Fu Panda 3, as well as the world’s largest IMAX screen, eight outdoor plazas, hotels, restaurants, theaters, galleries, and tourist attractions.

Fifteen different Chinese and international architectural firms are working on designing the various spaces that will have a floor area of 5 million square feet. (For comparison, the DreamWorks Animation campus in Glendale is 6 acres and has 463,000 square feet of office space.)

The site is being envisioned as “a world-class cultural destination…comparable to New York’s Broadway and London’s West End,” according to a 2012 press release. The project was first announced publicly in 2011.

(More at link)


ಠ ಠ

Typical.

[ND-Dem]

1. so dreamworks is offshoring, eh? well, fuck em. fuck geffen and spielberg and Katzenberg and

the whole lot of them.

DreamWorks Animation will make fewer movies because not enough people are seeing them

http://www.theverge.com/2015/1/22/7874717/dreamworks-animation-layoffs-fewer-movies

I guess the Chinese will be flocking to see them, though.

[abelenkpe]

2. Kung Fu Panda 3

That's what they're working on there so maybe it will do well? They're like every other corporation. They're job creators....everywhere else.

[closeupready]

3. I will make a point to watch fewer of them now.

[jmowreader]

5. DreamWorks has an 8000-lb gorilla problem

When you're up against Disney your stuff has to be perfect, and DreamWorks has been hit-or-miss.

[postulater]

4. Ferengis, all of them.