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.
How to watch President Trump’s 2026 State of the Union address to Congress live
Climate groups sue Trump administration over EPA’s bombshell deregulation decision
Trump Admin Cancels Visas for 100,000 Foreign Nationals Who Don’t Meet American Standards
Developing: Bad News as DNA Results in Guthrie Kidnapping Come in to FBI
‘Devil in the Ozarks’ gets more prison time for escaping, now in supermax facility
Bald eagle floating on Hudson River ice rescued by NYPD
Minnesota Officials Forced to Sound the Alarms Over Fungal STD Outbreak
Watch: Whoopi Goldberg Rushes to Explain Why She Was in the Epstein Files Seeking to Use His Private Jet
Immigration judge blocks deportation of Columbia anti-Israel agitator
Sanders-endorsed Senate candidate knocked for alleged flip-flop to ‘have it both ways’ on key issue
Hollywood Star Arrested, Charged After Altercation: ‘Held Down Until Police Arrived’
NYC Board of Elections worker says ‘not my job to report anyone’ when asked about registering non-citizens
Gun store owner says FBI asked him to check firearm sales against list of names, pics in Guthrie case
Mike Lee calls Schumer’s ‘Jim Crow 2.0’ attack on voter ID bill ‘paranoid fantasy’
Palestinian activist accused of expressing desire to ‘kill Jews’ wins deportation case
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.
How to watch President Trump’s 2026 State of the Union address to Congress live
Climate groups sue Trump administration over EPA’s bombshell deregulation decision
Trump Admin Cancels Visas for 100,000 Foreign Nationals Who Don’t Meet American Standards
Developing: Bad News as DNA Results in Guthrie Kidnapping Come in to FBI
‘Devil in the Ozarks’ gets more prison time for escaping, now in supermax facility
Bald eagle floating on Hudson River ice rescued by NYPD
Minnesota Officials Forced to Sound the Alarms Over Fungal STD Outbreak
Watch: Whoopi Goldberg Rushes to Explain Why She Was in the Epstein Files Seeking to Use His Private Jet
Immigration judge blocks deportation of Columbia anti-Israel agitator
Sanders-endorsed Senate candidate knocked for alleged flip-flop to ‘have it both ways’ on key issue
Hollywood Star Arrested, Charged After Altercation: ‘Held Down Until Police Arrived’
NYC Board of Elections worker says ‘not my job to report anyone’ when asked about registering non-citizens
Gun store owner says FBI asked him to check firearm sales against list of names, pics in Guthrie case
Mike Lee calls Schumer’s ‘Jim Crow 2.0’ attack on voter ID bill ‘paranoid fantasy’
Palestinian activist accused of expressing desire to ‘kill Jews’ wins deportation case
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.
