Walt Disney Studios plans to cut as much as 5% of its worldwide workforce as early as next week, according to people with knowledge of the situation who requested anonymity because they had not been authorized to discuss the matter.
The movie studio would eliminate up to 250 jobs from its staff of about 5,000 people globally, the sources said. Several Disney insiders say the bulk of the cuts will be in Burbank.
??????The sources said reductions would hit some divisions -- particularly distribution -- harder than others.
Over the last several years, Walt Disney Co. Chief Executive Robert A. Iger has restructured the studio, scaling back the number of movies it produces and releases. Disney sold off its Miramax Films specialty movie label last year and consolidated the Burbank studio's marketing and distribution operations.
Helping lower its risk on the production side, the studio now relies more heavily on movies supplied by Steven Spielberg's DreamWorks Studios, which pays Disney a fee for releasing its films, and Marvel Entertainment, which it acquired two years ago for $4 billion.