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Company shares have also jumped nearly 5% as it added another $1 billion to its stock-buyback plans, surely a major source of comfort to its laid-off workers.
The studio is reportedly among the divisions hardest hit in Disney’s third major round of job cuts under new CEO Josh D’Amaro.
D’Amaro will take over for outgoing boss Bob Iger on March 18, with Dana Walden also set for a promotion to president and chief creative officer.
The company cited titles including ‘Frozen,’ ‘Zootopia,’ and ‘Coco’ as properties that it plans to “bring to life across our business.”