For the most part, per a spokesperson for the company, the small set of cuts aren’t impacting senior brass, rather junior executives in film and TV and a handful of assistants. The studio is making modest adjustments given the current economical climate down to senior executives taking a pay cut.
In October 2018, news broke that the prestige Oscar-winning studio was besieged with financial problems. At the time, Annapurna’s feature production head Chelsea Barnard exited with two notable projects exiting the studio,to Lionsgate. Recently, it was announced that Brad Pitt’s Plan B, which had a first look at Annapurna, relocated its deal to Warner Bros.In the wake of Annapurna’s financial woes, they entered into a distribution and marketing pact with MGM called United Artists Releasing.
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