The entertainment industry has undergone a period of cutbacks since its early enthusiastic embrace of video streaming, when established media companies lost billions as they launched competitors to Netflix.
LOS ANGELES: Walt Disney on Monday (Mar 27) began 7,000 layoffs announced earlier this year, as it seeks to control costs and create a more "streamlined" business, according to a letter Chief Executive Bob Iger sent to employees and seen by Reuters. Several major divisions of the company - Disney Entertain