Megan Ellison's Annapurna Lays Off 30 Staffers

Key Points:

• Megan Ellison’s production company Annapurna is cutting 30 jobs as part of a realignment due to changing market conditions, with affected employees receiving support during the transition.
• Annapurna has recently focused on both film projects like Olivia Wilde’s The Invite and Boots Riley’s I Love Boosters, as well as interactive entertainment titles such as Mixtape and Silent Hill: Townfall, though it’s unclear which division was most affected by the layoffs.
• Founded in 2011, Annapurna initially gained acclaim for funding auteur-driven prestige dramas but has shifted strategy in recent years, reducing its focus on high-profile films and expanding into video games and interactive media.
• Megan Ellison, daughter of Oracle billionaire Larry Ellison, operates Annapurna independently while her brother David Ellison leads Paramount and may oversee major layoffs amid a potential Paramount-Warner Bros. Discovery merger.
• The contrast between Megan’s downsizing at Annapurna and David’s expected large-scale layoffs at a merged studio highlights differing approaches within the Ellison family’s Hollywood ventures.