UPDATE 12:13 PM: Apparition just made official its restructuring plans after Deadline broke the story.
EXCLUSIVE: Bill Pohlad has begun the first phase of restructuring Apparition, the indie distribution company that was thrown into disarray when co-founder Bob Berney exited in bombshell fashion just before the Cannes Film Festival. The first step is painful: 60%, or approximately 15 staffers were informed moments ago they are being let go and receiving severance packages. Last day for those staffers is this Friday. (more…)