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Studio's Home Entertainment Layoffs Caused By Low DVD Sales

Warner Bros. and Lionsgate just laid off 50 and 10 workers respectively from their home entertainment units because of a massive drop in DVD sales.

They join other companies similarly hit, including 20th Century Fox (minus 22 jobs), and Paramount Pictures and Disney, which are both expected to eliminate employees. The number of Disney workers is expected to reach 250, possibly by early next week.

Read the whole story at L.A. Times »

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