Hollywood is seeing a wave of staff reductions from the corporate suites to the theme park turnstiles as entertainment giants including the Walt Disney Co. and Endeavor implement layoffs and furloughs in response to the Chinese coronavirus pandemic.
Just how bad is the carnage? In Los Angeles County alone, 14,000 entertainment-related workers saw their jobs evaporate in less than two months, according to a new report from tech news outlet dot.LA. Meanwhile, Tinseltown could see even more bloodshed in the second quarter, according to The Hollywood Reporter.
Endeavor — the largest Hollywood talent agency, as well as a studio — recently said that it will lay off or furlough up to a third of its staff. Disney has furloughed more than 100,000 employees worldwide, mostly in the company’s parks division.
Hollywood has been hit on multiple fronts, including the closure of cinemas and the suspension of live sports, which is usually a cash cow for broadcasters. The L.A. office of Fox Sports Productions saw 3,595 people temporarily laid off at the end of April, according to dot.LA.
Schiff silent on Biden-era Newsom probe report as California AG claims DOJ ‘weaponization’
Transgender former New Hampshire state representative sentenced to 33 years for child sex abuse: report
WATCH: Boozy boaters unleash wild riverfront brawl as fists fly at popular South Carolina sandbar
Clarence Thomas and Two Fellow Conservatives Form Unexpected Majority with Two Liberals in SCOTUS Decision
Satanic: Muslim Pedophiles Told UK Girls That Being Raped Would Take Away Their Sins
Fox News True Crime Newsletter: Gilgo sentencing, a warning from ‘Happy Face,’ Mangione psychs himself out
Washington hosts relatively muted Juneteenth compared to America 250 events
Watch: Trump Physically Supports Marine Maj. James Capers, 88, Before Awarding the Unkillable Vietnam Vet the Congressional Medal of Honor
Reporter’s Notebook: How Trump’s surprise move on DNI confirmation upended key Senate deal on FISA
DOJ warns former red state is becoming the next California as governor embraces ICE limits
Trump-Meloni spat grows over claim Italian PM ‘begged’ for photo: ‘astonished’
SEE IT: Dem senator downplays security threat of illegal immigration after White House terror plot
Gilgo Beach serial killer’s ex-wife says he ‘got what he deserved’ after he gets max sentence for 8 murders
Breaking: US Brokers Lebanon Ceasefire After Escalation Derails Peace Talks with Iran
UK’s Prime Minister Directed 13,000 Suspected Pedophiles Get Warning Letters Instead of Prosecution, According to Rape Gang Report
Some of the biggest job losses have come from the production sector, which consists of below-the-line crew members who typically toil year round on crowded movie and TV sets. Hollywood’s trade unions have seen their members idle without work as soundstages around the country remain empty.
Breitbart News reported last week that Hollywood studios are currently working on ways to make sets safe when production ultimately resumes. While no major studio has yet to announce a timetable, one source told Breitbart that U.S. production may resume in June at the earliest.
But L.A. County’s decision to prolong its stay-at-home order for an additional three months is only creating more uncertainty.
Tyler Perry recently announced that his Atlanta studio will resume limited production in July. Countries including New Zealand, Poland, the Czech Republic have also announced that shooting can resume.
The Hollywood Reporter noted that individual studios are remaining vague about potential future layoffs. But some executives have spoken about coronavirus-related cost savings.
Schiff silent on Biden-era Newsom probe report as California AG claims DOJ ‘weaponization’
Transgender former New Hampshire state representative sentenced to 33 years for child sex abuse: report
WATCH: Boozy boaters unleash wild riverfront brawl as fists fly at popular South Carolina sandbar
Clarence Thomas and Two Fellow Conservatives Form Unexpected Majority with Two Liberals in SCOTUS Decision
Satanic: Muslim Pedophiles Told UK Girls That Being Raped Would Take Away Their Sins
Fox News True Crime Newsletter: Gilgo sentencing, a warning from ‘Happy Face,’ Mangione psychs himself out
Washington hosts relatively muted Juneteenth compared to America 250 events
Watch: Trump Physically Supports Marine Maj. James Capers, 88, Before Awarding the Unkillable Vietnam Vet the Congressional Medal of Honor
Reporter’s Notebook: How Trump’s surprise move on DNI confirmation upended key Senate deal on FISA
DOJ warns former red state is becoming the next California as governor embraces ICE limits
Trump-Meloni spat grows over claim Italian PM ‘begged’ for photo: ‘astonished’
SEE IT: Dem senator downplays security threat of illegal immigration after White House terror plot
Gilgo Beach serial killer’s ex-wife says he ‘got what he deserved’ after he gets max sentence for 8 murders
Breaking: US Brokers Lebanon Ceasefire After Escalation Derails Peace Talks with Iran
UK’s Prime Minister Directed 13,000 Suspected Pedophiles Get Warning Letters Instead of Prosecution, According to Rape Gang Report
ViacomCBS has indicated that it will take more cost-cutting steps in addition to the ones already realized from the re-merger of Viacom and CBS.
Chief financial officer Christina Spade said the company was “taking additional cost-cutting actions and implementing initiatives to reduce discretionary expenses” amid the pandemic. “We are learning from this crisis and finding ways that we can operate more efficiently,” she said during a recent earnings call.
Meanwhile, Disney has begun the gradual process of re-opening its theme parks and resorts. Disney Springs in Orlando is set to partially re-open on May 20, though the adjacent Walt Disney World remains closed. Shanghai Disney Resort recently opened again with visitors required to take special precautions, including social distancing and masks.
Story cited here.
