×
You will be redirected back to your article in seconds

Broad Green Kills Production Division, Lays Off 15 Employees After String of Flops

Broad Green has shuttered its production division and is laying off 15 staffers, a source close to the struggling indie company confirmed to Variety. 

The staffing cuts come after the struggling indie player has suffered three years of nearly uninterrupted film flops. Launched with grand ambitions in 2014, the studio could never seem to find its footing, despite having the backing of Gabriel Hammond, a millionaire who made his fortune in mutual funds. The company scored a hit with 2015’s “A Walk in the Woods,” but nearly every other film it released was a dud. The list of misses includes “Bad Santa 2,” “The Infiltrator,” “99 Homes,” and “Wish Upon,” a recent horror film that failed to even recoup its budget.

Broad Green will now allow directors to set some 50 projects up at other studios that the company had in development. Since its inception, Broad Green’s identity has shifted. It started out partnering with auteurs such as Terrence Malick before moving toward more genre-driven fare, such as “Wish Upon,” in the hopes of finding commercial success.

Broad Green is the latest in a string of indie players to experience setbacks as the market for theatrical releases has constricted. Relativity Media plunged into bankruptcy in 2015, EuropaCorp was badly bruised by the failure of “Valerian and the City of a Thousand Planets,” and the Weinstein Company has become more focused on television.

Popular on Variety

Deadline first reported the news of the staffing cuts and the folding of the company’s production division. Broad Green declined to comment for this story.

The company will now reassess its options and will keep some 60 people on staff, according to the source. Broad Green will also retain its Los Angeles headquarters. It still has a handful of films left to release, including “Villa Capri,” an action-comedy with Morgan Freeman and Tommy Lee Jones, and “Step Sisters,” a dance comedy.

More Film

  • Lorenzo Soria77th Annual Golden Globes Nominations,

    HFPA President Responds to Golden Globes' Female Director Shut-Out: 'We Vote by Film'

    Despite gains in the number of films and TV shows helmed by women, female directors were completely shut out of the Golden Globes once again this year. The snub was immediately called out on social media, with filmmakers like “Honey Boy” director Alma Har’el tweeting, “do not look for justice in the awards system.” However, [...]

  • Bruno Dumont's 'Joan of Arc' Wins

    Bruno Dumont's 'Joan of Arc' Wins Louis Delluc Prize From French Critics

    Bruno Dumont’s “Joan of Arc (“Jeanne”), a semi-musical period drama that world premiered at the Cannes Film Festival and won a special mention in the Un Certain Regard section, has received the Louis Delluc prize from French Critics. The jury of the Louis Delluc prize is headed by Gilles Jacob, the former president of the [...]

  • Brad Pitt on Quentin Tarantino Actors

    Golden Globes Nominate 14 Movie Actors From Variety's Actors on Actors

    “Variety Studio: Actors on Actors,” Variety‘s biannual awards season offering, pairs actors who have delivered the best performances of the year for candid conversations about their craft. This year, 14 actors who participated in Variety‘s movies issue received a Golden Globe nomination on Monday morning. That list includes Brad Pitt (“Once Upon a Time in [...]

  • Playmobil the Movie

    Box Office Bomb: 'Playmobil' Flops in Historic Fashion

    “Playmobil: The Movie” will make box office history, but certainly not in the way it intended. STX’s animated adventure generated less than $1 million despite launching in 2,337 North American theaters and now stands as one of the worst opening weekends of all time. “Playmobil” scraped together just $668,000 over the weekend, marking the third-lowest [...]

  • Frank Sheeran (Robert De Niro) is

    'The Irishman,' 'Once Upon a Time,' 'The Mandalorian' Among Art Directors Guild Nominations

    The Art Directors Guild (ADG, IATSE Local 800) has announced its nominations for the 24th Annual Excellence in Production Design Awards in theatrical motion pictures, television, commercials, music videos and animation features. Among the films recognized for outstanding production design are James Mangold’s “Ford V Ferrari,” Martin Scorsese’s “The Irishman,” and Quentin Tarantino’s “Once Upon [...]

  • Ghostbusters: Afterlife Trailer

    First 'Ghostbusters: Afterlife' Trailer Brings Ghostbusting to the Country

    Ghostbusting has left the mean streets of New York City and set up shop in the countryside. Set 30 plus years after the original film, Ghostbusters: Afterlife” stars Carrie Coon, ​​​​​Finn Wolfhard, Mckenna Grace and Paul Rudd. But despite the location change, the first Busters Dan Aykroyd and original film director ​​​​Ivan Reitman, are heavily [...]

More From Our Brands

Access exclusive content