By Doug Zanger

Opened with a bang, and deep investment in 2014, Disney-owned short-form creative specialists Maker Studios confirmed to Deadline that they are, in fact, laying off staff. Initially, Disney made a $500m commitment to the effort and, if certain financial targets were hit, was going to add an additional $450m. However, the company fell short, with the final outlay at $698m.

In a statement, the company said that: “Maker Studios’ business is constantly evolving and after careful thought, we have decided to make some strategic adjustments — reducing staff in some areas while still actively hiring in others — to best align Read full story ›

Source: The Drum