Megan Ellison’s Annapurna Lays Off 16% of Work Force After Mounting Comeback with ‘The Invite’

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https://www.indiewire.com/news/business/megan-ellison-annapurna-lays-off-30-staffers-the-invite-1235212819/

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“Read More: Annapurna Megan Ellison Daily Headlines Daily Headlines covering Film, TV and more.”
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Frase de exemploRead More: Annapurna Megan Ellison Daily Headlines Daily Headlines covering Film, TV and more.
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“The Ellisons are the children of Oracle founder Larry Ellison, one of the richest men in the world .”
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Frase de exemploThe Ellisons are the children of Oracle founder Larry Ellison, one of the richest men in the world .
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“Read More: Annapurna Megan Ellison Daily Headlines Daily Headlines covering Film, TV and more.”
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“Megan Ellison's Annapurna Lays Off 16% of Work Force × Got a Tip?”
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Frase de exemploMust Read Features The 25 Best Movies of 2025 Features The 10 Best TV Series of 2025 Best of 2025 The 24 Best Film and TV Performances of 2025 More From IndieWire Sketch to Screen ‘Niu Lai,’ the $200 Chinese Animated Film Taking Social Media by Storm, Might Be ‘The Room’ for a New Generation Film Review ‘The Dog Stars’ Review: Jacob Elordi and Josh Brolin Can’t Save Ridley Scott’s Bizarrely Inert Post-Apocalypse Movie from Near-Disaster PMC Logo Most Popular 1.
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“Annapurna has been more active in recent years, backing “The Testament of Ann Lee,” a critical success, albeit a box office underperformer, and “The Invite,” which sold to A24 for more than $12 million out of Sundance.”
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Frase de exemploAnnapurna has been more active in recent years, backing “The Testament of Ann Lee,” a critical success, albeit a box office underperformer, and “The Invite,” which sold to A24 for more than $12 million out of Sundance.
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“In the statement to Variety, the spokesperson for Annapurna said, “We understand that those employees impacted are being supported through the transition.”
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Frase de exemploIn the statement to Variety, the spokesperson for Annapurna said, “We understand that those employees impacted are being supported through the transition.
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“A spokesperson for the company told Variety that “the reduction reflects business conditions.” They went on to note that “Annapurna is an independent entertainment and media company operating in shifting market conditions, and is realigning to meet the changing landscape.” Related Stories Amy Adams’ ‘Nightbitch’ Finds Hulu Home: Marielle Heller to Direct, Searchlight to Release Suburb Thriller Scott Rudin Will Step Back from Broadway Amid Abuse Accusations The cuts come as Ellison’s brother, Paramount Chairman David Ellison, is trying to wrap up an antitrust lawsuit that threatens his proposed $110 billion merger with Warner Bros.”
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Frase de exemploA spokesperson for the company told Variety that “the reduction reflects business conditions.” They went on to note that “Annapurna is an independent entertainment and media company operating in shifting market conditions, and is realigning to meet the changing landscape.” Related Stories Amy Adams’ ‘Nightbitch’ Finds Hulu Home: Marielle Heller to Direct, Searchlight to Release Suburb Thriller Scott Rudin Will Step Back from Broadway Amid Abuse Accusations The cuts come as Ellison’s brother, Paramount Chairman David Ellison, is trying to wrap up an antitrust lawsuit that threatens his proposed $110 billion merger with Warner Bros.