×
You will be redirected back to your article in seconds

Alcon Entertainment to Reduce Operations, Cutting Jobs

Alcon Entertainment, which has seen mixed box office performance in recent years, has announced that it’s streamlining and consolidating its operations in order to capitalize on new opportunities for content providers.

The company was founded in 1997 and produced “The Blind Side,” “P.S., I Love You,” “The Sisterhood of the Traveling Pants,” “The 33,” “Point Break,” “Prisoners,” “Transcendence,” “Father Figures,” “12 Strong,” and “Blade Runner 2049.” “The Blind Side” was a major hit in 2009 with more than $300 million in worldwide box office. “Blade Runner 2049,” which was also financed by Sony, grossed $260 million worldwide.

Co-CEOs Broderick Johnson and Andrew Kosove did not disclose how many jobs would be cut. The company has a long-standing output deal with Warner Bros. for its movies.

“We look forward to Alcon’s third decade of supporting artists in the creation of content not only for the theatrical marketplace, but also for the linear, and the quickly emerging digital platforms,” the duo said in a statement.

“Ultimately, we are confident that the adjustments we are making will enable us to keep pace with our industry’s newest opportunities,” Johnson and Kosove added. “We fully expect our company to thrive with our upcoming IP, including the expansion of the Blade Runner universe, a new, fully-animated Garfield feature, and other exciting projects.  By becoming nimbler, and continuing to work with great creative partners, Alcon will be well positioned for its next phase of growth.”

The statement added, “Although this new direction requires us to modestly decrease the size of our work force here at Alcon, the few layoffs effected by this streamlined business model are not central to our reorganization plans. Still, to those leaving our family, we will be forever grateful for their creative energies and effort.”

The company was backed by FedEx founder and chairman Frederick W. Smith and its first major feature film was the 1999 comedy “Lost and Found.” After its second film “My Dog Skip” performed well in 2000, Alcon signed a long-term worldwide distribution agreement with Warner Bros.

More Film

  • Carlos Almaraz Playing With Fire review

    Palm Springs Review: 'Carlos Almaraz: Playing With Fire'

    Though he passed away three decades ago, Carlos Almaraz’s reputation as a major American painter — which was just getting started when he died of AIDS in 1989 — promises to continue to gain traction with the years. Documentary tribute “Playing With Fire” by his fellow-artist widow Elsa Flores and Richard Montoya mostly transcends standard [...]

  • Olivier Nakache, Eric Toledano's 'The Specials'

    Olivier Nakache, Eric Toledano's 'The Specials' Already a Gaumont Sales Hit (EXCLUSIVE)

    Following the widely successful “C’est La Vie,” Eric Toledano and Olivier Nakache’s (“The Intouchables”) passion project “The Specials” (“Hors normes”) starring Vincent Cassel and Reda Kateb, has already lured major buyers in key territories. Gaumont, which delivered the largest number of French B.O. hits overseas in 2018, has pre-sold “The Specials” to Germany, Austria (Prokino), [...]

  • The Realm review

    Palm Springs Review: 'The Realm'

    The notion that government is one big con directing money into already well-lined pockets is confirmed and then some in “The Realm.” Rodrigo Sorogoyen’s “Michael Clayton”-like thriller has struck a chord in Spain, where the persistence of corruption in the post-Franco era is a popular topic bordering on obsession. But are examples of corruption just [...]

  • Fig Tree review

    Palm Springs Reviews: 'Fig Tree'

    It’s a question integral to much of the current international immigration debate: When war breaks out, who gets to flee and who’s left with nowhere to run? As a child, writer-director Aalam-Warqe Davidian was among a majority of Ethiopian Jews who emigrated to Israel. In her loosely autobiographical feature debut, a teenager facing similar circumstances [...]

  • Jeff BridgesJeff Bridges, who stars in

    Film News Roundup: Jeff Bridges Wins American Society of Cinematographers Honor

    In today’s film news roundup, Jeff Bridges is honored by cinematographers, the “Arctic” filmmakers get a first-look deal and releases are set for “Vault,” the Seth Rogen-Charlize Theron comedy and “What Lies Ahead.” BRIDGES HONORED The American Society of Cinematographers has selected Jeff Bridges as the recipient of the organizations’ 2019 Board of Governors Award. [...]

  • Cate Blanchett's 'Where'd You Go, Bernadette'

    Cate Blanchett's 'Where'd You Go, Bernadette' Moved Back to August

    Annapurna Pictures has moved its Richard Linklater literary adaptation “Where’d You Go, Bernadette,” starring Cate Blanchett back five months from March 22 to an Aug. 9 release. A rep for Annapurna explained that August has served well as a launching pad for release of female-skewing films such as “Crazy Rich Asians,” “Florence Foster Jenkins” and [...]

  • Kumail Nanjiani Issa Rae

    Kumail Nanjiani, Issa Rae to Star in 'Lovebirds' Romantic Comedy

    “The Big Sick” star Kumail Nanjiani and “Insecure” star Issa Rae will topline Paramount’s romantic comedy “The Lovebirds.” The project will reunite Nanjiani with “The Big Sick” helmer Michael Showalter, who’s on board to direct from a script by Aaron Abrams, Brendan Gall, and Martin Gero. The project goes into production at the end of [...]

More From Our Brands

Access exclusive content