Even as it rakes in the doubloons from the record opening of PIRATES OF THE CARIBBEAN: DEAD MAN’S CHEST Disney is planning major cutbacks following such flops as Stick It, Annapolis, Stay Alive and especially The Wild, an animated film about some wacky animals we didn’t even remember opening.
Even as it basks in the box office glory of “Pirates of the Caribbean: Dead Man’s Chest,” Disney is using the opportunity to tighten its belt.
The Mouse House will announce within the next 10 days that it’s cutting back on the number of films it makes to around eight per year — it currently releases around 18 — and will substantially reduce its workforce. All movies will be Disney-branded, meaning companies like Touchstone could be vastly diminished.
The cutbacks will be far greater than many anticipated, as Walt Disney Studios chairman Dick Cook looks to reinvent the architecture of his studio. Move reflects an effort to improve the studio’s return on investment and get infrastructure back into line.