Per reports, Disney/ABC Television will be laying off around 300 people due to budget cuts. Employees who work for ABC Network, its production studio, local ABC affiliates, and cable stations such as the Disney Channel and FreeForm will be affected by these cuts. These cuts are due to Disney/ABC President, Ben Sherwood, promising Bob Iger he would cut $300 million from his budget.
Both the Disney Channel and ABC have had their fair share of troubles in recent months. It’s been reported that the Disney Channel and FreeForm have seen a 20% decrease in viewers. ABC has also been coming in around third or forth in ratings against other networks. Earlier this year, ESPN – who is separate from Disney/ABC Television, also announced they were laying off several of their popular reporters and anchors.
Disney does appear to be trying to restructure their television presence when they announced they would be pulling all of their programming and movies from Netflix and start their own streaming service. The Disney service is expected to go live sometime in 2019.
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Image Credit: Disney/ABC Television
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