Disney Cuts Pixar's Workforce After Film Delay
Pixar's The Good Dinosaur has proved to be very bad for the animation studio's workforce.
The layoffs are being blamed on the delay of The Good Dinosaur, which was originally scheduled for release on May 30, 2014. The film will now arrive on November 25, 2015.
Officially, The Good Dinosaur was delayed because the film wasn't up to snuff.
"At Pixar, we are constantly re-evaluating the creative and business needs of our studio," a Pixar representative told the LA Times. "With the release date change of 'The Good Dinosaur,' we have realigned our production and support priorities, which includes a small reduction in our staffing levels."
In June 2012, Disney and Pixar Chief Creative Officer John Lasseter seemed to be very happy with the way the film was progressing.
"It's really a great story because they are very funny dinosaurs," said Lasseter, as quoted by Bleeding Cool.
By delaying the film until November 2015, The Good Dinosaur will arrive two years after BBC Earth's Walking with Dinosaurs: The Movie. Due for release this December, the film was named after BBC's 1999 television documentary mini-series.
In the trailer, dozens of realistic-looking dinosaurs communicate like humans, just like the animated characters of most Disney films.
The two-minute clip is slightly reminiscent of Disney's Dinosaur, which was released in 2000 and also featured talking dinosaurs.
If Disney had released The Good Dinosaur in May 2014 as originally planned, it might have looked like a Walking with Dinosaurs clone. By delaying its release, The Good Dinosaur should be able to avoid any immediate comparisons.
However, this leaves Pixar without a single film for 2014, which will be the first year without a new Pixar film since 2005.
At that time, Disney and Pixar were at odds with each other. This caused a delay in the release of Cars. Disney ultimately acquired Pixar from Apple (NASDAQ: AAPL) co-founder Steve Jobs, ending the dispute.
Disclosure: At the time of this writing, Louis Bedigian had no position in the equities mentioned in this report.
Louis Bedigian is the Senior Tech Analyst and Features Writer of Benzinga. You can reach him at louis(at)benzingapro(dot)com. Follow him @LouisBedigianBZ
© 2015 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.