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Disney Considering Layoffs to Cut Costs


Walt Disney Studios

Layoffs at the Walt Disney Company’s studios and other units may take place in the wake of an internal cost-cutting review begun by the Mouse House several weeks ago, according to “three people with knowledge of the effort.”

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DreamWorks Animation’s Profit Rises by 24 Percent



DreamWorks Animation

DreamWorks Animation had net income of $24.4 million for the third quarter ended September 30, up 24% from $19.7 million for the same period in 2011, the studio announced Thursday.

For the quarter, the company reported total revenue of $186.3 million. This compares to revenue of $160.8 million for the same period in 2011.

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Disney Writing Down $50 Million at Movie Studio


Walt Disney Studios

The Walt Disney Company will record a $50 million write-down at its movie studio division after halting production on an as-yet untitled stop-motion animated film, an unnamed “source with knowledge of the matter” told Reuters on Thursday.

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Blue Smurfs don’t keep Sony Corp. out of red ink



Sony  Corporation
Despite the popularity of the partly animated “The Smurfs,” Sony Corp. announced Thursday a record annual loss of 457 billion yen ($5.7 billion), marking its fourth year of red ink in a row.

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Shanghai Disney theme park getting $2 billion loan


Shanghai Disneyland

The operator of the proposed Shanghai Disney theme park has succeeded in securing a 12.9 billion yuan ($2 billion U.S.) loan for the park’s construction, Chinese media reported Wednesday.

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