The suits at Disney announced today a reduction by half in the number of films per year from its specialty division Miramax Films says The New York Times.
Miramax will also move part of its post production operations to Disney Studios in Burbank, mostly post-production elements such as marketing, distribution, operations and administrative support.
Creative, development, production and business and legal affairs will continue to run out of its offices in New York.
The staff of 70-strong is expected to be reduced to only 20 or so people while its plans for six to eight theatrical releases per year will be cut to just 3.
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