The saga of Paramount Vantage arrived at its bloody conclusion this morning, when Rob Moore and John Lesher sent a memo announcing the termination of 60 jobs at the specialty label. The paring down follows the earlier absorption of Vantage into the 'Mount mother ship, where Lesher graduated earlier this year, Amy Israel hit the eject button and which will keep a handful of staffers on as part of the catchily titled Paramount Worldwide Acquisitions Group announced a few days ago.

The independent-film slaughterhouse revved back into action this morning with news that Red Envelope Entertainment, the acquisitions and financing division of Netflix, shut its doors after three years. The division helped underwrite and/or release titles including the Maggie Gyllenhaal drama Sherrybaby, the Oscar-nominated documentary No End in Sight and Julie Delpy's directorial debut Two Days in Paris; it's last film appears to be the psychosexual Ben Kingsley/Penelope Cruz drama Elegy, opening next month.