Due to the poor performance of Happy Feet Two at the box office, 600 of the 700 employees at Dr. D Studios are getting laid off in early-December, according to IF.com.au.
As of Nov. 25, the sequel to the Academy Award-winning Happy Feet has made an estimated $35.5 million. The estimated budget was a whopping $140 million.
The one positive is some of the 600 employees will receive job offers from a new company that Kennedy-Miller Mitchell Films is launching in 2012. The Australian film company launched Dr. D Studios as a joint deal with Omnilab Media.