Miramax is in the process of laying off almost all of its film and television departments, which could result in more than 20 employees leaving the company, an individual familiar with the cuts told TheWrap.
A total headcount is currently unclear, though Executive Vice President of Production and Development Zanne Devine was among those let go on Friday. Corporate communications staff was reduced as well.
“After careful consideration and consultation with the board, I have decided to reorganize the team at Miramax. This reorganization will allow me to lead a streamlined Miramax to grow in film, television and the licensing of our impressive library,” Miramax CEO Bill Block said in a statement.
Block took over as CEO of the mini-major studio from Stephen Schoch in April. BeIN Media Group, a subsidiary of Qatar’s Al Jazeera, acquired Miramax last March.
Miramax’s upcoming projects include the Johnny Depp-Forest Whitaker police drama “Labyrinth,” which Miramax will co-finance with Open Road Films. It also recently acquired the U.S. distribution rights to the Tonya Harding biopic, “I, Tonya,” starring Margot Robbie.
Disney, which had acquired Miramax from co-founders Bob and Harvey Weinstein in 1993, sold the indie unit to a group of investors for $660 million in 2010.
Deadline Hollywood first reported the news.