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Sony Pictures Entertainment to cut hundreds of film and TV jobs

Sony Pictures Entertainment plans to lay off a few hundred employees globally in a move to restructure its business.

The cuts, announced Tuesday afternoon, are set to affect employees who work across Sony’s film, TV and corporate divisions the company said, declining to specify how many would lose their jobs.

Sony said the cuts reflect a shift in business strategy under its new chief executive, Ravi Ahuja.

“As we lean into those priorities, we need to operate with greater focus, speed, and alignment to strengthen our differentiated capabilities,” said Ahuja in a statement. “To support our growth, we are aligning our organization with where the business is going — not where it has been. That requires changes to how we are structured and where we invest.”

Ahuja, who was promoted just over a year ago, added that the company is ”reducing roles in certain areas while increasing focus and investment in others that are most critical to our future.”

Sony plans to focus on franchise strategy and brand extension with game shows, as well as develop more anime, experiences and invest in content that will connect with a younger audience. This includes more game adaptations and growing its YouTube capabilities.

One of the studio’s biggest franchises is the “Spider-Man” universe, which includes both live-action films starring actors like Tom Holland and the Oscar-winning animated “Spider-Verse” movies. The studio is set to release the latest live-action installment, “Spider-Man: Brand New Day,” this summer. The previous movie “Spider-Man: No Way Home” was a major win for Sony as it generated $1.9B globally.

Sony Pictures operates under its Japanese parent company Sony Group Corp, alongside other subsidiaries like Sony Music Group and Sony Electronics. The film studio was established in 1987 and maintains a strong presence in Culver City.

Recently, the studio acquired the “Peanuts” comic in a $457-million deal, reupped the “Reading Rainbow” for a YouTube audience and is working on PlayStation adaptations for video games like “Helldivers” and “God of War.”

The company has also combined its game-show group with its nonfiction TV department and is slowing down areas of its business that have low growth, like the VFX and virtual production studio, Pixomondo.

The layoffs are the latest to hit Hollywood, which has been hard hit by the exodus of film and TV jobs to other states and countries, a cutback in the number of films being released and media consolidation. Last year, Paramount cut 10% of its workforce after it was acquired by David Ellison’s Skydance Media.

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Every reveal in the ‘Spider-Man: Brand New Day’ trailer

Your friendly neighborhood Spider-Man is finally back.

It’s been nearly five years since audiences last saw Tom Holland’s Peter Parker suit up as the webslinger in “Spider-Man: No Way Home,” and a lot has happened in the Marvel Cinematic Universe since. (10 movies’ worth, for those keeping track.) But Sony Pictures released the first trailer for “Spider-Man: Brand New Day” on Wednesday, and it appears our hero has been dutifully continuing as a full-time masked crimefighter while remaining an anonymous entity to those he loves most.

“Sometimes Spider-Man has to do the hard thing, even if it breaks Peter Parker’s heart,” Peter says in a voiceover on the new footage. According to the film’s logline, it has been four years since the events of “No Way Home,” which saw Peter have to make everyone forget who he is to save the world. “Brand New Day” will see Spider-Man take on “one of the most powerful threats he has ever faced.”

The trailer shows Peter cross paths with former besties MJ (Zendaya) and Ned (Jacob Batalon), who still don’t know who he is. But like everyone else in New York, it does appear they are at least familiar with Spider-Man.

Among those Spidey crosses paths with in the teaser are Frank Castle (Jon Bernthal), also known as the Punisher. It doesn’t seem like Spider-Man and the “Daredevil: Born Again” anti-hero are on very friendly terms, though. The trailer also features glimpses of Spider-Man battling Scorpion (Michael Mando), Boomerang (whose casting has yet to be announced) and the Hand — as well as a seemingly invisible foe.

Peter is also shown seeking out Bruce Banner (Mark Ruffalo) in his non-Hulk form to try to figure out what is going on with his own body. It appears Spider-Man’s DNA could be mutating, as he has gained the ability to produce organic webs, which could be alarming. The trailer concludes with a mysterious voiceover (which sounds like Keith David) teasing what it could mean.

“Spiders have three life cycles,” the unnamed voice says. “When between cycles, it can leave the spider vulnerable to threats. … And for those spiders who make it through, it amounts to a kind of rebirth.”

Directed by Destin Daniel Cretton, “Spider-Man: Brand New Day” opens in theaters July 31.

Spider-Man fighting a group of ninjas in red

Spider-Man battling the Hand in “Spider-Man: Brand New Day.”

(Sony Pictures)

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