Babelsberg to cut staff by 25%

Studios switch to greater use of digital effects

BERLIN — Studio Babelsberg is to cut staffers by nearly 25% by outsourcing and using more computer generated visual effects rather than building pricey sets.

Babelsberg execs said Tuesday they expect a boost in local production next year thanks to a new government-backed $77 million-a-year film financing scheme and hope to benefit from an increase in business in the Berlin-Brandenburg region.

Sub-contracting out much of the work related to film production will increase flexibility in what Babelsberg’s management calls the “cyclically fluctuating film business” help it react faster to new projects.

The studio’s vast art department is the main target of the cuts.

Babelsberg, which Carl Woebcken and Christoph Fisser purchased from Vivendi Universal in 2004, is expecting revenue to grow 20% this year to e50 million ($64.5 million).

Want to read more articles like this one? SUBSCRIBE TO VARIETY TODAY.
Post A Comment 0

Leave a Reply

No Comments

Comments are moderated. They may be edited for clarity and reprinting in whole or in part in Variety publications.

Fill in your details below or click an icon to log in: Logo

You are commenting using your account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

More Film News from Variety