Source: The Business Journals

Broad Green: Indie studio Broad Green lays off 20% of workers

On the heels of another box-office disappointment, Broad Green Pictures is shutting down its production division and laying off 15 employees. The nascent independent studio has about 50 projects in development - most of which the company will return to the filmmakers to take elsewhere. Before the pinkslips, Broad Green employed a staff of 75. Deadline first broke the news. Founded in 2014 by brothers Gabriel and Daniel Hammond using money Gabriel made from mutual funds, Broad Green saw its...

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