Back on November 1, kids TV and film production-focused news site Kidscreen reported that U.K.-based Moonbug Entertainment, producer of Netflix’s wildly popular series CoComelon, had laid off writing staff from the show.
And on Sunday, Bloomberg published excerpts from an interview with Andy Yeatman, who heads Moonbug’s U.S. business, confirming that the company is indeed “cutting back” and redirecting resources after previously embarking on aggressive expansion.
