Moonbug, the circle of relatives content material device in the back of the Netflix juggernaut “Cocomelon,” has enacted a small spherical of layoffs.
Assets estimated that lower than 5% of the corporate will probably be impacted, and that crimson slips will come for roles in Los Angeles and London. Any other supply mentioned the brunt of downsizing will hit in-house writers for sequence and different content material, and the corporate will pivot to a contract style for the ones jobs.
“As we proceed to devise for 2025 and past, we’re making adjustments to our studio workforce to permit us to be extra nimble throughout sides of our productions. This implies a small collection of roles throughout London and LA will probably be impacted. We’re deeply thankful for the contributions of those workers and need them not anything however the most efficient,” a spokesperson for Moonbug instructed Selection.
Moonbug was once obtained in 2021 by means of Candle Media, Tom Stagg and Kevin Mayer’s undertaking which additionally contains stakes in Reese Witherspoon’s Hi Sunshine and Exile Content material Studios.
Led by means of René Rechtman, Moonbug had the No. 1 most-viewed authorized content material on Netflix within the first part of 2024, which generated 124.5 million perspectives in combination. As well as, the 2 seasons of by-product “CoComelon Lane,” a Netflix authentic produced by means of Moonbug, had 34.4 million perspectives within the length. But some other by-product, “Little Angel,” garnered 52.4 million perspectives over its 5 volumes at the provider.
Along with high-volume YouTube homes in keeping with its IP, Moonbug could also be author in the back of titles like “Blippi,” “Mia’s Magic Playground” and “My Magic Puppy Morphie.”
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