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HomeentertainmentMovie NewsSteven Spielberg's Amblin Partners cuts 20% of staff

Steven Spielberg's Amblin Partners cuts 20% of staff

Steven Spielberg’s ‘s Amblin Partners have cut some % of staff as the company resizes in its new multi-year agreement with Universal Pictures . Those leaving the 90- to 90- staff company including marketing, international and Post-production.

Under Amblin’s new agreement with Universal Pictures, the studio will co-finance the studio’s films. Previously, Amblin would find film financing on his own and then give Universal the opportunity to distribute the films for a fee.

Spielberg ended up directing the Oscar nominated film Faberman One , distributed by Universal Pictures. He has yet to announce his next directing project.

Company is making an adaptation of Maggie O’s novel Hamnet1235533161 ‘Farrell, directed by Chloe Zhu, has reached a copyright agreement for the 90 novel “Unknown Assassin” Rob Hart. Amblin also has a deal with Netflix.

In announcing the new agreement with the studio, Spielberg said in a statement, “Universal Studios is my ancestral studio home, our The next chapter is about to unfold.” The long-term partnership will provide Amblin with the creative flexibility and autonomy I know will set us up for mutual success in the future. I am forever grateful to our entire team at Amblin for their work and dedication over the years, and to Donna (Langley) and everyone at Universal for their commitment and collaboration as we all look forward to our next adventure.

Langley, Chairman and Chief Content Officer, NBCUniversal Studio Group, added: “We are excited to grow our partnership with Steven and build on our creative legacy, which has Produced so many iconic works. Universal cinema over the past half century. Steven and the Amblin team have been fantastic partners and we look forward to the next chapter. ” 1235533161



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