‘The Night Manager’ Producer The Ink Factory Makes Redundancies, Refocuses On Development After Covid-19 & Endeavor Backing
, has made five redundancies this year in marketing, finance and production roles, which was roughly 18% of the 27 staff it employed at the end of 2019. Remaining employees took a pay cut during the crisis.
It follows The Ink Factory’s revenue plummeting 92% to $4.9M last year, down from $62.5M in 2018. According to2019 earnings, its pre-tax loss also widened, falling from $2.6M in 2018 to $6.7M last year.'The Night Manager' Outfit The Ink Factory Extends 127 Wall Financing Deal & Ups Rod Henwood To COO
In a statement, The Ink Factory co-CEO Simon Cornwell said: “In common with almost every independent studio, we see significant year-to-year volatility in revenues depending on the volume and timing of shows and features delivered in any given year, and of course our plans for 2020 have been heavily impacted by the extended production hiatus.”
He added that the company had “rebalanced” its team with a greater focus on development. Efforts to double down on development have seen it hire
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