Maker Studios to cut 10% of its workforce

Disney's (DIS +0.2%) Maker Studios will lay off 10% of its workforce, according to Variety.

The round of jobs cuts wasn't unexpected with the newly-acquired property overlapping with Disney Interactive in some areas.

Maker Studios is expected to be an important distribution channel for short-form content from franchises such as Star Wars, The Avengers, and Disney's animated movies.

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