SoylentNews is people
SoylentNews
Disney/ABC TV has begun making long-feared layoffs as part of a broader restructuring of its broadcast business, with rumors swirling that bigger moves—including a possible sale of ABC—are coming.
Deadline first reported the staff reductions on Thursday, saying they could impact up to 200 employees across Disney and ABC properties. An ABC source with knowledge of the situation said that the cuts will hit upward of 40 of its employees on the East Coast and still more out west.
Multiple people at ABC told Splinter that there is a widespread belief at the network that the belt-tightening could be tied to a prospective sale by its corporate parent.
Disney's broadcast division, which includes ABC and its local TV stations, is suffering from slumping ad rates and new competition from streaming services. The network's top producer, Shonda Rhimes, creator of Grey's Anatomy, Scandal, and How To Get Away With Murder, decamped from ABC for Netflix in August.
Will pride goeth before the fall?
(Score: 3, Insightful) by frojack on Sunday October 15 2017, @10:01PM
Even Disney is opening their own streaming service, and yanking Disney druff from other services.
Clearly they see that the cord cutters have it right, and nobody is going to be watching the same repackaged politically correct crap the networks are churning out. They've decided to dump those shows and the baggage that goes with them and concentrate of capturing the minds of children and getting their parents to pay them directly for the privileged.
Broadcast (cable cast) networks are going to disappear. Netflix/Amazon/Disney type streaming providers are going to rule the day.
The word has gone out: Quickly discard this baggage while some american Cellular/Cable provider is dumb enough to pay big money for it (again).
No, you are mistaken. I've always had this sig.