LOS ANGELES: Approximately 200 employees of Walt Disney Co. will lose their jobs, according to sources close to the company. The move comes as the company continues to lose revenue as DVD and film sales drop. According to Bloomberg news agency, the cuts are some five percent of the entire workforce and are to be announced within the company next week. The source, the agency reported, could not be named due to the sensitivity of the decision and the fact it had not been made public as of Tuesday. Disney has recently said it would focus more on home distribution services in an effort to bolster profit margins, which have been dwindling in recent months. The film studio has been realigning its distribution over the last 18 months and is increasing its input of movies from Marvel and Steven Spielberg's DreamWorks Studios. DVD sales have been falling in the United States in the last year as more consumers use on-demand cable TV services and other digital outlets to watch movies at home. BM
