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.
Thune plans to run for Republican minority leader after Dem’s midterm takeover
Abdul El-Sayed delivers major blow to GOP in Michigan after bruising Senate race
Breaking: Democrats Flip Senate Seat in State Trump Won by Double Digits
Mamdani-Backed Democratic Socialist Wins House Seat
Democrats Win Texas Governor’s Race for First Time in 30 Years as Gina Hinojosa Defeats Greg Abbott
Breaking: Democrats Deal Massive Blow to Republicans, Win Control of the Senate
Democrat Gina Hinojosa stuns Abbott, makes history as first Latina Texas governor
Trump’s gamble on Ken Paxton backfires as Democrat pulls off historic Texas Senate upset
‘Planted Fake Corpses’: Former El-Sayed Campaign Worker Charged in Alleged Conspiracy to Victimize Supporters of Israel
Teen previously convicted in shooting accused of killing pregnant mom of 4 inside Spirit Halloween
Power Outage Hits Key Michigan County Shortly Before Polls Close
Democrats score major Senate victory as Pappas defeats Trump-backed Republican in key battleground
Democrats hold firm in Georgia as Republicans fail to flip prized Senate seat
Man, 86, and his dog rescued hundreds of miles off California coast after going silent for 2 months
Michigan voters split between party loyalty and Senate candidates in closely watched race
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.
Thune plans to run for Republican minority leader after Dem’s midterm takeover
Abdul El-Sayed delivers major blow to GOP in Michigan after bruising Senate race
Breaking: Democrats Flip Senate Seat in State Trump Won by Double Digits
Mamdani-Backed Democratic Socialist Wins House Seat
Democrats Win Texas Governor’s Race for First Time in 30 Years as Gina Hinojosa Defeats Greg Abbott
Breaking: Democrats Deal Massive Blow to Republicans, Win Control of the Senate
Democrat Gina Hinojosa stuns Abbott, makes history as first Latina Texas governor
Trump’s gamble on Ken Paxton backfires as Democrat pulls off historic Texas Senate upset
‘Planted Fake Corpses’: Former El-Sayed Campaign Worker Charged in Alleged Conspiracy to Victimize Supporters of Israel
Teen previously convicted in shooting accused of killing pregnant mom of 4 inside Spirit Halloween
Power Outage Hits Key Michigan County Shortly Before Polls Close
Democrats score major Senate victory as Pappas defeats Trump-backed Republican in key battleground
Democrats hold firm in Georgia as Republicans fail to flip prized Senate seat
Man, 86, and his dog rescued hundreds of miles off California coast after going silent for 2 months
Michigan voters split between party loyalty and Senate candidates in closely watched race
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.









