Broad Green: Broad Green Shuts Production; 15 Layoffs, 50 Projects In Turnaround As Founders Regroup

EXCLUSIVE: Slumping distributor/producer/financier Broad Green Pictures this morning will shutter its production division, a move that will mean layoffs of about 15 of Broad Green's 75 employees, along with the exit of most of about 50 development projects being kicked back to filmmakers to be set up elsewhere. CEO Gabriel Hammond confirmed this to Deadline, but despite rumors to the contrary, stressed that he and his brother, Broad Green Chief Creative Officer Daniel Hamm...