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The Hollywood Reporter: WarnerMedia Cuts About 1,500 Jobs
posted on by Adriana Hazra
Entertainment website The Hollywood Reporter reported on Tuesday that WarnerMedia CEO Jason Kilar sent out a memo to employees stating that staff reductions will be taking place at the company. According to the memo obtained by the The Hollywood Reporter, the company is cutting 5% to 7% of its workforce, which amounts to 1,250 to 1,750 jobs.
WarnerMedia owns Crunchyroll's parent company Otter Media. The parent company of WarnerMedia, AT&T, is reported to have offered Crunchyroll to Sony for 100 billion yen ($957 million).
WarnerMedia (through Otter Media) also owns the streaming service VRV, and also owns (through Warner Bros. Entertainment) Cartoon Network, which hosts the Toonami programming block.
Sources: The Hollywood Reporter (Natalie Jarvey), ICv2 (Milton Griepp)
