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Zeitsprung Pictures, MMC Studios Launch Peak Point Pictures in Cologne With Aim to Produce International Projects, Foster Young Filmmakers (EXCLUSIVE)

Germany’s Zeitsprung Pictures and MMC Studios are partnering with an award-winning up-and-coming producer-director duo to launch Peak Point Pictures in Cologne with the aim to develop and produce high-end international and domestic series and feature films, while also fostering German and European debut filmmakers. Peak Point Pictures was set up by Zeitsprung Pictures managing director…

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‘Highguard’ Developer Wildlight Entertainment Lays Off Multiple Staffers Less Than a Month After New Game’s Launch

“Highguard” maker Wildlight Entertainment has laid off multiple members of its staff less than a month after the release of its debut video game. “Today we made an incredibly difficult decision to part ways with a number of our team members while keeping a core group of developers to continue innovating on and supporting the…

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‘Wheel of Time’ IP Owner, VFX Studio Framestore to Launch AI-Enabled Platform to Unify Productions Across Film, TV and Video Games (EXCLUSIVE)

“The Wheel of Time” IP owner iwot Studios and VFX company Framestore have struck a deal to launch an AI-enabled platform that will offer brands asset management tools to ease collaboration on projects across multiple platforms. The first IP to utilize the platform will be Robert Jordan’s “The Wheel of Time,” which iwot is currently…

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Hostage Thriller ‘Last Call’ Picked Up by Picture Tree Ahead of EFM Launch as Teaser Debuts (EXCLUSIVE)

Picture Tree Intl. has boarded international sales on “Last Call,” a real-time hostage thriller from Tanweer Productions, inspired by true events, and set to launch to international buyers ahead of the European Film Market, including market premiere screenings. The teaser debuts here. Directed by Greek-Egyptian filmmaker Sherif Francis, “Last Call” unfolds on New Year’s Eve…

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Peloton’s Pivot: AI Hardware Launch Precedes Major Workforce Reduction in Latest Restructuring Bid

Introduction In a stark move signaling continued turbulence, connected fitness giant Peloton is shedding approximately 11% of its global workforce. This significant reduction, primarily targeting engineering and enterprise technology teams, arrives mere months after the company unveiled its ambitious new AI-powered hardware lineup. The layoffs underscore the profound challenges Peloton faces as it struggles to…

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Peloton’s Pivot: AI Hardware Launch Followed by Deep Staff Cuts as Post-Pandemic Reality Bites

Introduction In a stark move signaling a turbulent transition, fitness giant Peloton is shedding approximately 11% of its global workforce. This significant restructuring, announced internally on Friday, arrives mere months after the company unveiled its ambitious new line of AI-powered hardware. The cuts underscore the profound challenges Peloton faces as it attempts to navigate a…

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