DreamWorks Animation has recently undertaken measures to streamline its operations, including a reduction of approximately 70 positions, constituting roughly 4% of its staff. This move is in response to various factors impacting the industry, such as a downturn in business, escalating production costs, and ongoing strikes.

A spokesperson from DreamWorks Animation explained, “These staff reductions encompassed a range of roles across corporate functions, feature, television, and technology departments, all part of an overarching strategy to optimize costs.”

Despite these challenges, there is optimism within the studio about a potential turnaround in fortunes. The eagerly anticipated release of the third installment of the Trolls movie franchise, titled “Trolls Band Together,” is poised to hit theaters on November 17th. This animated extravaganza boasts a star-studded cast, including the likes of Justin Timberlake, Anna Kendrick, Camila Cabello, Eric André, Kid Cudi, Troye Sivan, Daveed Diggs, Amy Schumer, RuPaul, Kenan Thompson, and more. Notably, *Nsync is reuniting after 22 years to contribute a song to the film’s soundtrack, adding to the excitement.

Furthermore, DreamWorks Animation has joined forces with Netflix for the production of “Orion and The Dark,” an animated feature penned by the acclaimed Charlie Kaufman. This highly anticipated feature is scheduled to premiere on the streaming platform in 2024. Directed by Sean Charmatz and produced by Peter McCown, with Walt Dohrn and Bonnie Arnold serving as executive producers, the film boasts a talented voice cast, featuring Jacob Tremblay as Orion and Paul Walter Hauser as Dark.

Despite the current challenges, DreamWorks Animation remains committed to delivering captivating and entertaining content to its audience, and these strategic moves are aimed at ensuring a sustainable and prosperous future for the studio.