Netflix Animation to Restructure

resulting in a job cut and the shutdown of the two films currently

Due to Restructure, the streaming service aims to enlist external producers to maintain a consistent volume of animated content

Executive Karen Toliver has been refining the group's long-term strategy

The division is actively considering output deal offers for third-party producers to showcase their animated projects

Two slate projects have been put on hold or into turnaround

First, unannounced film titled Escape From Beverly Hills

The second is Tunga

The division secured the Academy Award for Best Animated Feature with Guillermo del Toro Pinocchio

The upcoming releases from the unit feature Leo among others