Pixar lays off up to 5 percent on 'Dinosaur' delay

Nov 23, 2013 by Ryan Nakashima

Disney subsidiary Pixar is laying off up to 5 percent of its 1,200 employees after it pushed back the release of "The Good Dinosaur" to November 2015 from next May.

That's according to a person familiar with the situation, who spoke on condition of anonymity because the matter involved personnel.

The Walt Disney Co. released a statement saying Pixar is always re-evaluating its creative and business needs.

"With the release date change of 'The Good Dinosaur,' we have realigned our production and support priorities, which (include) a small reduction in our staffing levels," it said in a statement.

The person said the occurred earlier in the week.

The delay of "The Good Dinosaur" means 2014 will be the first year since 2005 that Pixar hasn't released an animated movie.

Explore further: Clooney slams skittish Hollywood after Sony hack

not rated yet
add to favorites email to friend print save as pdf

Related Stories

Steve Jobs helped build Pixar with vision, cash

Oct 07, 2011

Steve Jobs is best known for turning the ailing Apple into a global icon, but for many his transformation of a small digital graphics firm into animated movie giant Pixar showed equal vision.

Animation pioneer Pixar marks 25 years

Jul 02, 2011

Pixar, a pioneer of computer animation that has made a dozen profitable feature films and become one of the most successful studios on the planet, is celebrating its 25th birthday.

Netflix stock climbs on Disney film deal

Dec 04, 2012

Netflix shares jumped Tuesday with word that the online service struck an exclusive deal to stream live-action animated feature films from The Walt Disney Studios.

Recommended for you

Clooney slams skittish Hollywood after Sony hack

4 hours ago

Film star George Clooney slammed the Hollywood movie industry for failing to stand up against the cyber threats that prompted Sony Pictures to cancel release of the movie "The Interview."

Atos shares soar after Xerox acquisition

7 hours ago

Shares in French tech firm Atos soared nearly five percent on Friday as traders cheered the news it had bought the IT wing of Xerox for more than $1 billion.

Two more former Sony workers sue over data breach

23 hours ago

Two more former employees of Sony Pictures Entertainment are suing the company over the massive data breach in which their personal and financial information was stolen and posted online.

Constantly changing online prices stump shoppers

Dec 18, 2014

Online shopping has become as volatile as stock market trading. Wild, minute-by-minute price swings on everything from clothes to TVs have made it difficult for holiday shoppers to "buy low."

User comments : 0

Please sign in to add a comment. Registration is free, and takes less than a minute. Read more

Click here to reset your password.
Sign in to get notified via email when new comments are made.