EXCLUSIVE: Chernin Entertainment is the latest media company to undergo a round of layoffs.
We hear that a number of executives including Bill McGoldrick are leaving Peter Chernin’s company as part of the cost-cutting moves. It’s believed to be part of trimming at Chernin Entertainment as the former Fox boss builds up his The North Road Company.
McGoldrick, who previously was President of Original Content at NBCUniversal Entertainment Networks and Direct-to-Consumer, joined Chernin Entertainment in August 2021 as EVP Film and Television.
Also leaving are Juan Alfonso, Ian Smith and Jordan Compton. Alfonso, who was SVP Film and Television, also joined in summer 2021, having held exec roles at Starz and Disney. Smith and Compton were creatives executives.
Chernin Entertainment is part of The North Road Company, which was formed in July 2022, bringing together Chernin Entertainment, the U.S. assets of Red Arrow Studios, which includes Love Is Blind producer Kinetic Content, and Connor Schell’s non-scripted business Words + Pictures.
Chernin Entertainment is behind series such as Netflix’s upcoming limited series The Madness starring Colman Domingo, Starz’ P-Valley, Apple’s upcoming Jason Momoa series Chief of War, Luther: The Fallen Sun and Man on Fire, also for Netflix as well as films such as Dicks: The Musical and Ford v Ferrari.
It continues to be a busy period for layoffs; Deadline revealed on Friday that Netflix had cut a small number of execs in its drama and overall deals division, joining the likes of Starz, which also cut 10% of its workforce.
Earlier this year, Amazon, Warner Bros. Discovery, Disney, ESPN, Paramount, Conde Nast, Spotify, Fifth Season, Vice, Lionsgate and Roku have also all made cuts.