Warner Bros. requests budget cuts

Studio asks departments for 10% trim

Warner Bros. Entertainment is asking its departments to cut their budgets by at least 10 percent.

The Associated Press has learned the cuts could mean layoffs of more than 100 employees.

Analysts said a cut of that magnitude would result in tens of millions of dollars in annual savings for the studio’s parent company Time Warner, which is expecting a loss for the year.

Warner Bros. has already undergone significant belt-tightening to account for the recession.

Last year, the studio moved to cut production by more than a dozen films a year, after eliminating its Picturehouse and Warner Independent labels and absorbing New Line Cinema.

It has sent fewer employees than usual to conferences as travel, entertainment and marketing costs have come under increasing scrutiny.

More Film

  • Romania’s Daniel Sandu Steps Beyond New

    Romania’s Daniel Sandu Steps Beyond New Wave With ‘Seraphim’

    Warner Bros. Entertainment is asking its departments to cut their budgets by at least 10 percent. The Associated Press has learned the cuts could mean layoffs of more than 100 employees. Analysts said a cut of that magnitude would result in tens of millions of dollars in annual savings for the studio’s parent company Time […]

  • Film Projects 'Astronauts,' 'Friends,' Highlights at

    Comedy Film Projects 'Astronauts,' 'Friends,' Highlights at Madrid Pitchbox

    Warner Bros. Entertainment is asking its departments to cut their budgets by at least 10 percent. The Associated Press has learned the cuts could mean layoffs of more than 100 employees. Analysts said a cut of that magnitude would result in tens of millions of dollars in annual savings for the studio’s parent company Time […]

  • ‘Burning’ Adds U.K., Japan, Australia Distribution

    Cannes: ‘Burning’ Adds U.K., Japan, Australia Distribution Deals

    Warner Bros. Entertainment is asking its departments to cut their budgets by at least 10 percent. The Associated Press has learned the cuts could mean layoffs of more than 100 employees. Analysts said a cut of that magnitude would result in tens of millions of dollars in annual savings for the studio’s parent company Time […]

  • 'The Great Mystical Circus' Review: Hardly

    Cannes Film Review: 'The Great Mystical Circus'

    Warner Bros. Entertainment is asking its departments to cut their budgets by at least 10 percent. The Associated Press has learned the cuts could mean layoffs of more than 100 employees. Analysts said a cut of that magnitude would result in tens of millions of dollars in annual savings for the studio’s parent company Time […]

  • 'Feral' Review

    Film Review: 'Feral'

    Warner Bros. Entertainment is asking its departments to cut their budgets by at least 10 percent. The Associated Press has learned the cuts could mean layoffs of more than 100 employees. Analysts said a cut of that magnitude would result in tens of millions of dollars in annual savings for the studio’s parent company Time […]

  • Amandla Stenberg The Hate U Give

    Fox Dates 'The Hate U Give' Movie for Awards-Season Release

    Warner Bros. Entertainment is asking its departments to cut their budgets by at least 10 percent. The Associated Press has learned the cuts could mean layoffs of more than 100 employees. Analysts said a cut of that magnitude would result in tens of millions of dollars in annual savings for the studio’s parent company Time […]

  • 'Scarface' Slated for 35th Anniversary Re-Release

    Film News Roundup: 'Scarface' Set for 35th Anniversary Re-Release

    Warner Bros. Entertainment is asking its departments to cut their budgets by at least 10 percent. The Associated Press has learned the cuts could mean layoffs of more than 100 employees. Analysts said a cut of that magnitude would result in tens of millions of dollars in annual savings for the studio’s parent company Time […]

More From Our Brands

Access exclusive content