Lionsgate Says New "Power Rangers" Film Could Lead To Multiple Sequels
As many as 80 employees will be fired or relocated in the restructuring of DC Entertainment that will see part of the company’s operations move from New York City to Burbank, Calif., according to a notice filed Wednesday with the New York State Department of Labor and reported by Bloomberg.
That amounts to nearly a third of DC’s estimated 250 employees. The filing doesn’t specify how many of those positions will be firings, and how many will be moved cross-country. The Los Angeles Times reported earlier this week that about 20 percent of the company’s staff “will lose their jobs as part of the shift,” a statement challenged by DC.
A Warner Bros. spokesman wouldn’t comment to Bloomberg on the specifics of the layoffs.
Announced on Tuesday, the reorganization leaves DC’s comics-publishing division in New York City while relocating the company’s administrative and digital and multimedia operations — including, presumably, the WildStorm offices now based in La Jolla, Calif. — to a Warner Bros.-managed property in Burbank. It was subsequently revealed that the WildStorm and Zuda imprints will close as part of the shakeup.
The labor department filing states that layoffs will begin on Dec. 27, and continue through Aug. 27, 2011, presumably the date when the move is expected to be complete.
DC executives are in the process of meeting individually with staff members to discuss their positions. “… There’s a spectrum of things that are happening for various employees – there are promotions, there are offers of relocation and unfortunately there are some layoffs to come,” DC Entertainment President Diane Nelson told Comic Book Resources on Tuesday. “Until that’s all sorted and people have had time to consider their individual opportunities and we confirm all that, which will take us a few weeks, we aren’t going to be able to discuss specifics.”