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.
Also Read: ESPN's Top Reporters Talk Layoffs: 'It's Been a Real Tough Time'
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.
25 Summer Movies We're Dying to See, From 'Alien: Covenant' to 'Spider-Man: Homecoming' (Photos)
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Summer 2017 is bringing a wealth of promising movies to the cineplez. Here are some of the buzziest.
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Disney
May 5: "Guardians of the Galaxy Vol. 2"
Chris Pratt, Dave Bautista, Bradley Cooper, and scene-stealer Baby Groot pick up right where they left off in this sequel to the 2014 Marvel hit.
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Fox
May 12: "Snatched"
CinemaCon attendees got to see some extended footage of the comedy starring Goldie Hawn and Amy Schumer, who play mother and daughter who go on a vacation together and get involved in some unexpected criminal activity. It looks hilarious, and the movie marks Hawn's return to the big screen after a 15-year absence.
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Fox
May 19: "Alien: Covenant"
Fans of the "Alien" franchise have been looking forward to the new film, which welcomes back Michael Fassbender as both Walter/David, as well as new cast members Danny McBride, Katherine Waterston, James Franco and Demian Bichir.
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WB/MGM
May 19: "Everything, Everything"
Based on a best-selling YA novel, director Stella Meghie's "Everything, Everything" follows a girl (Amandla Stenberg) who has lived in solitude her entire life because she's allergic to everything, but takes an interest in the boy (Nick Robinson) who's moved in next door.
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Paramount
May 26: "Baywatch"
Dwayne Johnson, Zac Efron, Alexandra Daddario, Kelly Rohrbach and Priyanka Chopra star in this comedic feature film take on the iconic TV series. The trailers we've seen so far just make fun of Efron's character, and the whole movie looks like eye candy for men and women alike.
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Warner Bros.
June 2: "Wonder Woman"
It only took 75 years, but after making a huge splash in last year's "Batman v Superman," DC Comics Amazonian Superheroine finally headlines her own movie this summer. The film stars Gal Gadot and is directed by Patty Jenkins.
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Universal
June 9: "The Mummy"
Tom Cruise headlines this updated take on the classic Universal monster. The remake tells us the story of an ancient princess (Sofia Boutella) who was denied her chance to be the next Pharaoh and wreaks havoc centuries after the fact.
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Lionsgate
June 16: "All Eyez On Me"
The Tupac Shakur biopic has excited fans since the announcement of the project, and further casting notices including that of Kat Graham and Danai Gurira have enticed fans further to look forward to its release.
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Sony
June 16: "Rough Night"
The first trailer for the film previously titled "Rock That Body" was full of sex, drugs and, yes, murder. It's no wonder that we're so eager to see the comedy starring Scarlett Johansson, Kate McKinnon and Zoe Kravitz.
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Paramount
June 23: "Transformers: The Last Knight"
Michael Bay returns for his final "Transformers" movie and intends to go out with quite a bang -- literally. Mark Wahlberg also returns and Anthony Hopkins star in the latest installment which sees humanity at war with the Transformers while Optimus Prime is MIA.
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Amazon
June 23: "The Big Sick"
Kumail Nanjiani's "The Big Sick" was one of the hottest titles at the Sundance Film Festival and is based on the true story of his relationship with his now-wife, co-screenwriter Emily Gordon (played on screen by Zoe Kazan). When she gets sick with a mysterious illness, he must team up with her parents to overcome the crisis.
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Focus
June 23: "The Beguiled"
Sofia Coppola's drama follows a girls' school in Virginia which takes in a wounded soldier. Soon, sexual tension and jealousy takes over the school. The period drama stars Nicole Kidman, Kirsten Dunst, Elle Fanning and Colin Farrell.
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Sony
June 28: "Baby Driver"
From director Edgar Wright, the film revolves around a young but talented getaway driver named Baby, played by Ansel Elgort. In a sign of confidence, Sony's TriStar moved up the release from the dead of August.
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Universal
June 30: "Despicable Me 3"
Steve Carell plays not one but two characters in this movie -- Gru and his twin brother, Dru. And the duo team up for one last heist with the assistance, of course, of dozens of minions.
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Sony
July 7: "Spider-Man: Homecoming"
After being introduced as part of the Marvel Cinematic Universe last year in "Captain America: Civil War," Tom Holland returns as the web crawler in his standalone film to face off against Michael Keaton's villainous Vulture. Robert Downey Jr. co-stars as Iron Man.
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A24
July 7: "A Ghost Story"
Hot off his Oscar win for "Manchester by the Sea," Casey Affleck stars in "A Ghost Story" alongside talented actress Rooney Mara, the film follows Affleck’s white-sheeted ghost who unstuck in time, forced to watch passively as the woman he loves slowly slip away.
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Fox Searchlight
July 7: "Step"
Buzzy Sundance doc "Step" follows a girls’ senior-year high school step team in inner-city Baltimore as they strive to become the first in their families to go to college.
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Fox
July 14: "War for the Planet of the Apes"
Director Matt Reeves returns for the third movie in the rebooted franchise after helming 2014's "Dawn of the Planet of the Apes." This time, Woody Harrelson is the film's main antagonist, which combined with the franchise's epic CGI apes, should make for a solid sci-fi film.
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Warner Bros.
July 21: "Dunkirk"
CinemaCon attendees also saw footage of Christopher Nolan's WWII epic, which stars Tom Hardy, Cillian Murphy and Harry Styles as well as newcomer Fionn Whitehead in the lead role. Nolan fans and Styles fans are sure to flock to the theaters.
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Universal
July 21: "Girls Trip"
Jada Pinkett Smith and Queen Latifah reunite 20 years after "Set It Off" along with Regina Hall. The ladies go on a girls trip to New Orleans, which obviously turns wild.
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Focus
July 28: "Atomic Blonde"
Charlize Theron's bisexual spy thriller follows MI6’s most lethal assassin through a ticking time bomb of a city simmering with revolution and double-crossing hives of traitors. Theron's Agent Lorraine Broughton is equal parts spycraft, sensuality and savagery.
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August 4: "Detroit"
Director Kathryn Bigelow and producing partner Mark Boal's highly anticipated followup to their acclaimed 2012 drama “Zero Dark Thirty" is another fact-based drama with a stellar cast: John Boyega, Will Poulter, Jason Mitchell, Anthony Mackie and Jack Reynor. The film recounts the racially charged riots that rocked the Motor City in 1967.
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Sony
August 4: "The Dark Tower"
Fans of Stephen King's genre-defying multi-book saga have been clamoring for a filmed version for decades and the first installment finally arrives with Idris Elba as the Gunslinger Roland Deschain chasing Matthew McConaughey's Man in Black across a highly stylized, scorched-earth landscape.
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New Line
August 11: "Annabelle: Creation"
The followup to 2014's supernatural horror thriller "Annabelle" follows a couple who just lost their daughter -- but as soon as they invite a nun and some orphans into their home, some unexplained things begin to happen.
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Getty Images
August 18: "The Hitman's Bodyguard"
Ryan Reynolds and Samuel L. Jackson make a great duo in this action comedy. And Salma Hayek adds another layer of laughs to the movie, which follows a bodyguard (Reynolds) who must get one of the biggest hitman's in the world to The Hague. Obviously, the two have history.
TheWrap Summer Movie Preview 2017: ”Guardians of the Galaxy Vol. 2,“ ”Despicable Me 3“ and ”Atomic Blonde“ are also among season’s big releases
Summer 2017 is bringing a wealth of promising movies to the cineplez. Here are some of the buzziest.