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 Energy Department issues emergency order to prevent blackouts across 13 states amid unusual October heat
Florida executes inmate who killed cellmate because he wanted death penalty
Campaign Blunder Causes Ad for Key Senate Race to Air in the Wrong State on the Opposite End of the Country
Breaking: DOJ Subpoenas Ilhan Omar’s Sister, Other Family Over Evidence of Fraudulent Immigration Paperwork
Pentagon pushes hypersonic weapons production as startups slash costs
Bill Allowing Victims to Sue Judges, Others Who Let Illegals Run Wild Is Quietly Advancing in Congress
‘Bonnie and Clyde’ illegal immigrant couple accused of brazen jewelry theft spree across four states
Democratic Senator Accused of Violating Federal Law with Anti-White X Post
Dem candidate’s bizarre anti-MAGA tirade ends with ‘we have guns too’
UK warns Iran is targeting ‘military sites’ as US and allies recognize growing threat of IRGC ‘hybrid activities’
Coast Guard firefight puts US, Mexico at odds despite coordinated border operations
Judge extends ban on tree removals at East Potomac Golf Links for two weeks
Young South Dakota deputy dies three days after being shot during a confrontation at a home
Lawyers for Charlie Kirk’s accused assassin Tyler Robinson want cameras banned after report on taxpayer burden
Watch: Katie Zacharia Begins Her First White House Press Briefing with a Message to Trump
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 Energy Department issues emergency order to prevent blackouts across 13 states amid unusual October heat
Florida executes inmate who killed cellmate because he wanted death penalty
Campaign Blunder Causes Ad for Key Senate Race to Air in the Wrong State on the Opposite End of the Country
Breaking: DOJ Subpoenas Ilhan Omar’s Sister, Other Family Over Evidence of Fraudulent Immigration Paperwork
Pentagon pushes hypersonic weapons production as startups slash costs
Bill Allowing Victims to Sue Judges, Others Who Let Illegals Run Wild Is Quietly Advancing in Congress
‘Bonnie and Clyde’ illegal immigrant couple accused of brazen jewelry theft spree across four states
Democratic Senator Accused of Violating Federal Law with Anti-White X Post
Dem candidate’s bizarre anti-MAGA tirade ends with ‘we have guns too’
UK warns Iran is targeting ‘military sites’ as US and allies recognize growing threat of IRGC ‘hybrid activities’
Coast Guard firefight puts US, Mexico at odds despite coordinated border operations
Judge extends ban on tree removals at East Potomac Golf Links for two weeks
Young South Dakota deputy dies three days after being shot during a confrontation at a home
Lawyers for Charlie Kirk’s accused assassin Tyler Robinson want cameras banned after report on taxpayer burden
Watch: Katie Zacharia Begins Her First White House Press Briefing with a Message to Trump
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.
