You will be redirected back to your article in seconds

Warner cost-cutting hits Mexican store

MEXICO CITY — Warner Bros. has axed its theatrical distribution rep in Mexico as part of a global cost-cutting program.

Warner will continue to distribute through VideoCine, a subsidiary of media giant Televisa, but local rep Mike Moraskie has been laid off.

WB VP for Latino theatrical Redo Farah said further head-count reductions in Latin America were “a possibility.”

A local exhibitor described the move as bad for Warner product but great for VideoCine — which handles indie fare including New Line as well as Televisa features — because VideoCine pics now will enjoy greater leverage at Warner’s expense.

However, Warner exerts a counter-leverage over the Televisa subsid because the studio could decide to partner theatrically with Fox, as it has already done in Brazil, Argentina and Peru. VideoCine’s contract with Warner is said to come up for renewal in September 1998.

More Scene

  • 'Geostorm' film premiere

    'Geostorm' Director Hopes Harvey Weinstein Scandal Signals 'Sea Change' for Hollywood

    MEXICO CITY — Warner Bros. has axed its theatrical distribution rep in Mexico as part of a global cost-cutting program. Warner will continue to distribute through VideoCine, a subsidiary of media giant Televisa, but local rep Mike Moraskie has been laid off. WB VP for Latino theatrical Redo Farah said further head-count reductions in Latin […]

  • ‘Working Above The Line’ panel, The

    Academy's Third Annual Careers in Film Summit Inspires Young Creatives

    MEXICO CITY — Warner Bros. has axed its theatrical distribution rep in Mexico as part of a global cost-cutting program. Warner will continue to distribute through VideoCine, a subsidiary of media giant Televisa, but local rep Mike Moraskie has been laid off. WB VP for Latino theatrical Redo Farah said further head-count reductions in Latin […]

  • Oprah Celebrates 'Wisdom of Sundays' With

    Oprah Winfrey Celebrates New Book 'Wisdom of Sundays' With Star-Studded Gospel Brunch

    MEXICO CITY — Warner Bros. has axed its theatrical distribution rep in Mexico as part of a global cost-cutting program. Warner will continue to distribute through VideoCine, a subsidiary of media giant Televisa, but local rep Mike Moraskie has been laid off. WB VP for Latino theatrical Redo Farah said further head-count reductions in Latin […]

  • Goldie Hawn, Diane Sawyer and Melanie

    James Corden Doesn't Hold Back on Weinstein Jokes at Star-Studded AmfAR Gala L.A.

    MEXICO CITY — Warner Bros. has axed its theatrical distribution rep in Mexico as part of a global cost-cutting program. Warner will continue to distribute through VideoCine, a subsidiary of media giant Televisa, but local rep Mike Moraskie has been laid off. WB VP for Latino theatrical Redo Farah said further head-count reductions in Latin […]

  • Andy Serkis Student Academy Awards

    Student Academy Awards Honors Winners From New York to China

    MEXICO CITY — Warner Bros. has axed its theatrical distribution rep in Mexico as part of a global cost-cutting program. Warner will continue to distribute through VideoCine, a subsidiary of media giant Televisa, but local rep Mike Moraskie has been laid off. WB VP for Latino theatrical Redo Farah said further head-count reductions in Latin […]

More From Our Brands

Access exclusive content