Entertainment company Lucasfilm is winding down operations in Singapore after almost two decades here due to economic factors affecting the industry, said parent company Disney. 'Over the next several months, Industrial Light & Magic (ILM) will be consolidating its global footprint and winding down its Singapore studio due to economic factors affecting the industry,' said Disney, in response to media queries on Tuesday. The entertainment conglomerate had announced in February that it would eliminate 7,000 jobs in its global workforce as part of an effort to save US$5.

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