With the revenue that the National Football League brings in year-in and year-out, one would think that all branches of the league are financially healthy; apparently, this is not the case. According to SportsTicker, NFL Films has laid off 21 of its 283 employees last week, including some who have been with the company for decades; this was first reported on Philly.com. The lay-off directive came from the NFL, which owns NFL Films.
NFL Films president Steve Sabol, who founded the company with his father, Ed Sabol, in the 1960’s, delivered the news personally to the employees; Sabol admitted that HBO’s decision not to renew the long-running series, “Inside the NFL”, was a major reason behind the layoffs. The program alone generated about $5 million for the league.
NFL spokesman Brian McCarthy stated, “Films is facing economic challenges just like any other media company, including the newspaper industry. Ongoing technological changes also forced us to re-evaluate the way we operate to remain competitive. To address these issues, NFL Films has had to look for ways to better structure its organization, which resulted in the termination of 21 people.” Also according to the report, a NFL general manager said that the continuing struggles of the NFL Network also played a role in the layoffs; McCarthy denied those charges.