Blumhouse Productions Hit With Layoffs, Pay Cuts for Senior Leadership (Exclusive)
Published on Apr 10, 2020
Blumhouse Productions has enacted a small round of layoffs in numerous departments, insiders tell Variety, cuts made amid the ongoing coronavirus pandemic. Senior leadership at the company will also take salary reductions.
A total of eight roles across film and television were eliminated, ranging from executive assistants to mid-level employees in departments like development, insiders said.
A Blumhouse spokesperson confirmed the changes, which were attributed to the pandemic’s effect on the industry. In late March, office staff and production assistants were also terminated.
While small in number, the cuts prove that even a shop as notoriously lean and profitable as Blumhouse — the producer of low-budget hit horror franchises including the “Insidious,” “The Purge,” and “Halloween” — is not immune to the economic devastation caused by Covid-19.
Blumhouse is in the midst of a 10-year first look feature film deal with Universal Pictures, and signed a similar deal on the television
Read full article at: Variety - Film News
Author: Matt Donnelly