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.
West Virginians Gather to Honor National Guard Slain By Afghan Refugee
Chicago Police Department Hit with Civil Rights Complaint for Race-Based Hiring Practices Meant to Address ‘Systemic Inequities’
James Patterson claims Marilyn Monroe was murdered in explosive new book theory
Florida’s Lawsuit Against Planned Parenthood Just the Beginning
Texas girl rescued after sand hole she was digging collapses, burying her
Unbelievable – She Might Actually Win a District Dominated By Trump: Democrat Aftyn Behn’s Most Unhinged Moments
Afghan Suspect Faces First-Degree Murder Charge in National Guard Shooting
WSJ Editorial Board Rushes to Defend Afghan Refugees After Deadly National Guard Attack
Watchdog group hits Letitia James with bar complaint after federal judge tosses case
Inside NORAD’s holiday command: How the same team that tracks Santa guards North America
Former Ukrainian ‘co-president’ Yermak says he’s ‘going to the front’ after shock resignation
National Guardsman shot in DC is ‘hanging on,’ family pleading for prayer, congressman says
Meta Tolerated Sex Traffickers With 17-Strike System, Lawsuit Claims
Criminal networks exploit US interstates to make human trafficking victims vanish: ‘Real plague’
This Is Why You Can’t Trust Public Schools: Teachers Union Teaches ‘Interrupting Whiteness’
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.
West Virginians Gather to Honor National Guard Slain By Afghan Refugee
Chicago Police Department Hit with Civil Rights Complaint for Race-Based Hiring Practices Meant to Address ‘Systemic Inequities’
James Patterson claims Marilyn Monroe was murdered in explosive new book theory
Florida’s Lawsuit Against Planned Parenthood Just the Beginning
Texas girl rescued after sand hole she was digging collapses, burying her
Unbelievable – She Might Actually Win a District Dominated By Trump: Democrat Aftyn Behn’s Most Unhinged Moments
Afghan Suspect Faces First-Degree Murder Charge in National Guard Shooting
WSJ Editorial Board Rushes to Defend Afghan Refugees After Deadly National Guard Attack
Watchdog group hits Letitia James with bar complaint after federal judge tosses case
Inside NORAD’s holiday command: How the same team that tracks Santa guards North America
Former Ukrainian ‘co-president’ Yermak says he’s ‘going to the front’ after shock resignation
National Guardsman shot in DC is ‘hanging on,’ family pleading for prayer, congressman says
Meta Tolerated Sex Traffickers With 17-Strike System, Lawsuit Claims
Criminal networks exploit US interstates to make human trafficking victims vanish: ‘Real plague’
This Is Why You Can’t Trust Public Schools: Teachers Union Teaches ‘Interrupting Whiteness’
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.
