Three days ago Criterion laid off 16 staffers, or roughly 20% of its 80-person workforce. Peter Becker called it a “reorganization” brought about by new “challenges and opportunities." What he meant is that Criterion income has been shrinking and they have no choice but to cut back on expenses. The home-video world is changing. Physical media is dying and streaming is king. And Criterion's film-snob appeal isn't what it used to be. Hell, they're still dragging their feet in the matter of 4K Blurays.
October 22, 2022by Jeff Wells59 Comments