President Marie Nelson issued an appeal for support to members on Friday, warning about the festival’s long-term sustainability.
The company’s affected U.S. employees will be notified by the end of the business day, with cuts outside of the U.S. happening over time.
The prodco was previously owned by Toronto-headquartered Blue Ant Media.
The Toronto-based studio is dedicated to original unscripted IP, with a focus on new models for development, financing and production.
The CMPA, AQPM and APFC are among 20 global screen organizations calling on governments to protect local content and IP.
The slate includes Our Gay Family from Toronto’s Firestarter Productions.
The acquisition marks a significant consolidation move in Canadian media as the two companies merge their production and distribution businesses.
The acquisition will allow Lionsgate to scale its operations in Canada and the U.K., according to CEO Jon Feltheimer.
The WGA and producers’ association AMPTP are in negotiations for the current standard agreement, which expires May 1.
Bruce Dixon and Hozefa Lokhandwala take on the joint position to replace Nancy Dubuc.
Dubuc announced her resignation five years after joining Vice Media Group in 2018.
The promotions follow a significant boost in the Toronto-based company’s production activity over the last six months.