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.
Florida officer shot in face during service call tied to mental health dispute; suspect killed
Trump warns Honduras of ‘hell to pay’ if election count changes, presses officials to finish tally
DHS launches ‘Cyber Monday deal’ in retro 90s holiday ad: $1,000 for illegal immigrants who self-deport
CAIR spins anti-Israel narrative about Somali fraud as scrutiny grows
Drug kingpin El Chapo’s son enters plea in multibillion-dollar drug trafficking case
US escalation with Maduro halts deportation flights to Venezuela
DHS reveals Illegal alien behind fatal crash was given license by deep blue state
Mamdani taps disgraced activist who said ‘one day we can abolish police’ to key public safety committee
Noem calls for ‘full travel ban’ on countries ‘flooding’ US with immigrants after DC attack
Spec ops chief ordered deadly Caribbean strike ‘in self-defense’ with Hegseth’s sign-off, White House says
Democrats open inquiry into Patel’s use of FBI jet
USDA Puts ‘ALL’ Programs Under Review, Will Ensure Only American Citizens Receive Food Stamps
Watch: Karoline Leavitt Uses New York Times Reporter’s Past Work to Crush Latest ‘Fake News’ Story on Trump
Quadruple Murderer Kohberger Complains About Prison Bananas, Gets the Response He Deserves: ‘Deal With It’
ICE arrests two illegal immigrants convicted of ‘heinous’ crimes against children in New Jersey and Texas
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.
Florida officer shot in face during service call tied to mental health dispute; suspect killed
Trump warns Honduras of ‘hell to pay’ if election count changes, presses officials to finish tally
DHS launches ‘Cyber Monday deal’ in retro 90s holiday ad: $1,000 for illegal immigrants who self-deport
CAIR spins anti-Israel narrative about Somali fraud as scrutiny grows
Drug kingpin El Chapo’s son enters plea in multibillion-dollar drug trafficking case
US escalation with Maduro halts deportation flights to Venezuela
DHS reveals Illegal alien behind fatal crash was given license by deep blue state
Mamdani taps disgraced activist who said ‘one day we can abolish police’ to key public safety committee
Noem calls for ‘full travel ban’ on countries ‘flooding’ US with immigrants after DC attack
Spec ops chief ordered deadly Caribbean strike ‘in self-defense’ with Hegseth’s sign-off, White House says
Democrats open inquiry into Patel’s use of FBI jet
USDA Puts ‘ALL’ Programs Under Review, Will Ensure Only American Citizens Receive Food Stamps
Watch: Karoline Leavitt Uses New York Times Reporter’s Past Work to Crush Latest ‘Fake News’ Story on Trump
Quadruple Murderer Kohberger Complains About Prison Bananas, Gets the Response He Deserves: ‘Deal With It’
ICE arrests two illegal immigrants convicted of ‘heinous’ crimes against children in New Jersey and Texas
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.
