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.
Trump to honor Artemis II astronauts who traveled farther from Earth than any humans in history
Trump fires back after protester interrupts Myrtle Beach rally for Graham: ‘Mom is voting for us’
More Westerners Waking up to Islam as Gov’t Bans Face Coverings, Leaving Both Muslims and (Ironically) Feminists Angry
Trump rally security ejects protester wearing ‘kill your local pedophile’ shirt
Candace Cameron Bure Tears Up on Air Over Constant Criticism, But God Provided a Literally Perfect Smile Through the Pain
Fauci’s lawyers launch legal defense fund as federal, state investigations mount against him
‘Escalating Pressures’ from the FCC Have Impacted ‘The View’s’ Guest List: Disney Lawsuit
Late-night bull run ends with a little cowboy know-how on busy California highway
They Never Learn: NYT Ordered to Pay $9 Million After Falsely Linking Innocent Student to 2023 Murder
New Jersey mother allegedly drunk when boat hit channel marker on Memorial Day, killing her son
Texas Gov Abbott asks the Justice Department to investigate ‘discriminatory’ Islamic washing stations
DOJ says Rubio should have final say over Foreign Service board in latest bid to tighten executive powers
Trump Announces Deal to ‘Substantially Lower the Price of Ground Beef’
Chinese Man Charged with Illegally Voting in US Election and Trying to Frame Someone Else
Vance unloads on El-Sayed over Sharia remarks: ‘That’s not my grandpa’s Democratic Party’
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.
Trump to honor Artemis II astronauts who traveled farther from Earth than any humans in history
Trump fires back after protester interrupts Myrtle Beach rally for Graham: ‘Mom is voting for us’
More Westerners Waking up to Islam as Gov’t Bans Face Coverings, Leaving Both Muslims and (Ironically) Feminists Angry
Trump rally security ejects protester wearing ‘kill your local pedophile’ shirt
Candace Cameron Bure Tears Up on Air Over Constant Criticism, But God Provided a Literally Perfect Smile Through the Pain
Fauci’s lawyers launch legal defense fund as federal, state investigations mount against him
‘Escalating Pressures’ from the FCC Have Impacted ‘The View’s’ Guest List: Disney Lawsuit
Late-night bull run ends with a little cowboy know-how on busy California highway
They Never Learn: NYT Ordered to Pay $9 Million After Falsely Linking Innocent Student to 2023 Murder
New Jersey mother allegedly drunk when boat hit channel marker on Memorial Day, killing her son
Texas Gov Abbott asks the Justice Department to investigate ‘discriminatory’ Islamic washing stations
DOJ says Rubio should have final say over Foreign Service board in latest bid to tighten executive powers
Trump Announces Deal to ‘Substantially Lower the Price of Ground Beef’
Chinese Man Charged with Illegally Voting in US Election and Trying to Frame Someone Else
Vance unloads on El-Sayed over Sharia remarks: ‘That’s not my grandpa’s Democratic Party’
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.
