Netflix Animation to Restructure

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

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

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

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

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Two slate projects have been put on hold or into turnaround

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First, unannounced film titled Escape From Beverly Hills

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The second is Tunga

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

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The upcoming releases from the unit feature Leo among others

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