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Film studio blames money woes on economy, tech
Some of the same technological forces that have consumed large portions of the music sector appear to be eating away at the film industry.
Sony Pictures Entertainment, one of the six biggest Hollywood film studios, told employees Monday that in March the company will lay off 450 workers, the equivalent of 6.5 percent of its global workforce, according to a story in The Los Angeles Times.
"Our industry is affected by two things: It's affected by the economy, of course, and it's affected by technology," Amy Pascal, the studio's co-chairman, said in a video … Read more
