News Opinons Politics

Hollywood Faces Carnage as Mass Unemployment Hits Entertainment Industry

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.


FBI doubted probable cause for Mar-a-Lago raid but pushed forward amid pressure from Biden DOJ, emails reveal
Ex-NFL reporter Michele Tafoya close to deciding on Minnesota Senate bid
Kennedy urges GOP to restart spending battle amid soaring cost of living, warns against wasting majority
Watch: Providence Police Chief Gives Astonishingly Unacceptable Response When Asked What Shooter Shouted Before Gunning Down Students
Late Breaking Video: Trump Takes Out Big Batch of Narco Terrorists in Highly Effective 3-Boat Strike
Rob Reiner’s son Nick’s struggles come into focus after parents’ deaths and more top headlines
House GOP tensions erupt as Republicans turn on each other heading into year’s end
Brian Glenn reveals engagement to Rep Marjorie Taylor Greene: ‘She said ‘yes”
‘Ghost ships’ ferrying illicit oil have sailed into Trump’s crosshairs
Doctor mysteriously found dead inside Dollar Tree freezer reportedly naked
Terrifying video shows out-of-control MTA bus plowing into cars in the Bronx, injuring 8
Pentagon launches full command investigation into Sen. Mark Kelly over ‘serious misconduct’ allegations
Comer gives Clintons last chance to testify in Epstein inquiry before contempt proceedings
Judge Hannah Dugan’s trial for illegal immigrant escape case begins with FBI agent on the stand
Ilhan Omar lashes out at ‘sick’ Republicans for investigating her alleged marriage to brother

See also  E. Jean Carroll’s DNA refusal tainted verdict against Trump, allies tell Supreme Court

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.


FBI doubted probable cause for Mar-a-Lago raid but pushed forward amid pressure from Biden DOJ, emails reveal
Ex-NFL reporter Michele Tafoya close to deciding on Minnesota Senate bid
Kennedy urges GOP to restart spending battle amid soaring cost of living, warns against wasting majority
Watch: Providence Police Chief Gives Astonishingly Unacceptable Response When Asked What Shooter Shouted Before Gunning Down Students
Late Breaking Video: Trump Takes Out Big Batch of Narco Terrorists in Highly Effective 3-Boat Strike
Rob Reiner’s son Nick’s struggles come into focus after parents’ deaths and more top headlines
House GOP tensions erupt as Republicans turn on each other heading into year’s end
Brian Glenn reveals engagement to Rep Marjorie Taylor Greene: ‘She said ‘yes”
‘Ghost ships’ ferrying illicit oil have sailed into Trump’s crosshairs
Doctor mysteriously found dead inside Dollar Tree freezer reportedly naked
Terrifying video shows out-of-control MTA bus plowing into cars in the Bronx, injuring 8
Pentagon launches full command investigation into Sen. Mark Kelly over ‘serious misconduct’ allegations
Comer gives Clintons last chance to testify in Epstein inquiry before contempt proceedings
Judge Hannah Dugan’s trial for illegal immigrant escape case begins with FBI agent on the stand
Ilhan Omar lashes out at ‘sick’ Republicans for investigating her alleged marriage to brother

See also  Ex-NFL reporter Michele Tafoya close to deciding on Minnesota Senate bid

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.

Share this article:
Share on Facebook
Facebook
Tweet about this on Twitter
Twitter