In the wake of MSESPN (owned by ABC/Disney) and their racist personalities on TV, falling NFL ratings and the blow up of Hollywood over Harvey Weinstein, Disney-ABC are in deep trouble. Reports of about 100-200 layoffs at ABC are coming soon, and no one outside the media bubble with shed a tear.
| Disney-ABC revenue going down toilet, layoffs soon |
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I hear the number of staffers who will be leaving is lower than what had been previously speculated. I hear it is in the 100-200 range, mostly in non-content and operational areas of the company. At each of the entertainment divisions, ABC Entertainment, ABC Studio, Disney Channel, DisneyXD, Disney Junior, and Freeform, there is a handful of people impacted.
As reported in August, Disney has been eyeing ways to cut up to 10% in annual costs at its Disney/ABC Television Group in a restructuring. Along with the reductions, as part of a realignment at the company to address big shifts in content distribution and other technology-related areas of the business, there will be some hiring opportunities across the company going forward.
In June, Disney-ABC reported a higher-than-expected increase in Upfront sales after vowing to “do better” following a year of declining ratings. The company said at the time advertisers “were especially drawn to series including: ABC’s returning comedies, realities, the TGIT programming block, and new shows,” mentioning the upcoming The Good Doctor, The Mayor and American Idol; Freeform’s upcoming Marvel’s Cloak & Dagger, Sirens and 25 Days of Christmas block; Disney XD’s Ducktales reboot; Disney Channel’s Andi Mack; and the Disney Jr. portfolio.