- NBCUniversal (CMCSA +1.1%) is making cuts at its newly acquired DreamWorks Animation, setting loose 200 jobs.
- The reductions unsurprisingly are focused on corporate overhead groups along with distribution and consumer product: "Areas where we can fully integrate operations with NBCUniversal," says Universal Filmed Entertainment Group Chairman Jeff Shell in a memo.
- NBCUniversal closed on the $3.8B deal three weeks ago and began folding the studio into Universal along with Universal Pictures, Fandango, and its brand development unit.