Walt Disney Studios has recently announced that it will be laying off 50 out of the 75 employees working at Miramax Films.

In the last few years Miramax has produced movies including “No Country for Old Men,” and “The Queen.”

The studio will now only be producing 3 films a year rather than the typical 8 films a year.

Sounds like a bummer to us! What about you?

Source: Examiner.com, Image Via Flickr

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