EXCLUSIVE: We have learned that Fifth Season has pink-slipped fewer than 20 staffers in its overall 160-employee count. We understand at the end of the day, it’s around a 10% trim.
Sources tell us that Fifth Season remains in good financial standing and the reductions are more about staff realignment.
A rep for Fifth Season had no comment.
The news of cuts comes in the wake of Chris Rice departing Fifth Season as co-CEO in September. His longtime partner, fellow co-CEO Graham Taylor, became Fifth Season’s sole CEO. Rice inked a first-look production deal with Fifth Season and remains an adviser to the company.
In 2017, the WME and IMG’s film and scripted TV finance and sales operation led by Rice and Taylor was spun off into Endeavor Content. The company changed its name to Fifth Season following the January 2022 majority stake sale to Korea’s CJ ENM, which, in turn, brought in Toho Studios as a minority owner.
Fifth Season specializes in the development, production, financing and distribution of premium films, television series and documentaries. Known for its artist-first approach, the company has produced such movies as well 80 for Brady, Book Club and The Lost Daughteras well as series including Severance, Nine Perfect Strangers, Omnivoreand Tokyo Vice. Fifth Season has a full-service worldwide distribution infrastructure and a vast network of production hubs across North America, Europe and Asia. The firm’s global distribution arm handles a third-party library of hundreds of titles, including hit series such as Killing Eve, Normal People, The Morning Show and The Night Manager. The company is headquartered in Los Angeles, New York, and London, with offices worldwide.
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