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July 26, 2005
Disney to Close Sidney Production Studio
Australia's film industry has been dealt a blow with the decision by US entertainment giant Walt Disney Co to close its animation production studio in Sydney. The closure of DisneyToon Studios Australia (DTSA) in mid-2006 will cost about 250 jobs, the company said. "It is with regret that DisneyToon Studios has decided to close their animation production facility in Sydney in mid-2006," the company said in a statement today. "This closure is a business decision due in large part to the changing creative climate and economic environment in which DisneyToon Studios requires more flexibility to choose the most appropriate and efficient animation process." The demise of the Australian studio follows Disney's closure of other international facilities in recent years. DisneyToon staff were told of the decision yesterday when all employees were briefed by general manager Philip Oakes.
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Posted By: Ray @ 9:11 AM | 
