Disney restructuring studio units, cutting 650 positions

[UpInArms]

http://www.marketwatch.com/News/Story/Story.aspx?guid=%7B5E5AB0DB%2D5BA9%2D4EA0%2D90ED%2D7E1C06196F46%7D&dist=newsfinder&symbol=&siteid=mktw

SAN FRANCISCO (MarketWatch) -- Walt Disney Co.'s (DIS : 29.10, +0.50, +1.7% ) Studios unit Tuesday evening said it is restructuring operations, aiming to shift toward more Disney-branded movies, in a move that will reduce its worldwide workforce by 650 positions. The studio said it will produce and distribute 10 Disney live-action and animated films per year, and two to three Touchstone films a year. As part of the shift, Oren Aviv has been named president of Production, Walt Disney Pictures.

...very short blurb...

I guess it doesn't take too many words to destroy a few families :eyes:

[3waygeek]

1. A friend of mine used to work

at Disney -- he lovingly referred it as "Mauschwitz".

[The Sushi Bandit]

2. That was after Eisner and his MBA's raped the company

I was an Imagineer for 7 years and bled "pixie dust". Michael runied the spirit of the company with his cost cutting cronies from real estate and retail industries who could care less about our guests expectations.