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.


‘No better group’: Veteran says special ops should get same concealed carry permit as retired cops
Ex-New Jersey mayor, her husband charged for using fake ballot signatures after she pleaded guilty to DUI
Kansas Democratic governor nominee suggested Jesus could have been transgender
Heroic Florida K-9 returns to sheriff’s office days after being shot protecting 3 deputies, losing leg
STATE OF PLAY: Highly watched Hong race remains too close to call as progressives notch key primary wins
Five teen friends killed after vehicle plunges down Colorado cliff, leaving community shattered
Ilhan Omar on track for fifth term as Minnesota voters maintain far-left streak
Schumer dealt another blow as progressive insurgency scores win in key Senate battle
Trump-backed Mike Lindell falls to Lisa Demuth in Minnesota governor primary
Minnesota House speaker Lisa Demuth wins GOP gubernatorial primary to replace Tim Walz in November
4-year-old dies after suffering electrical shock from clothes dryer inside Kansas home
Trump’s ‘firewall’ against socialism in battleground state punches ticket to election
Pure Evil: 3 Charged in Water, Burning Torture and Murder of Boy, 7 – Multiple Suspects Are Trans
Watch: Rules Confusion Leads to 16-Minute Delay in MLB Game as Red Sox Accidentally Score a Run
Fauci’s Pardon Neutralized? Florida Issues Subpoena, Begins Investigation Into Self-Dealing, Which Fauci’s Pardon Does Not Cover

See also  AOC freezes her eggs: ‘I think it’s bada**’

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.


‘No better group’: Veteran says special ops should get same concealed carry permit as retired cops
Ex-New Jersey mayor, her husband charged for using fake ballot signatures after she pleaded guilty to DUI
Kansas Democratic governor nominee suggested Jesus could have been transgender
Heroic Florida K-9 returns to sheriff’s office days after being shot protecting 3 deputies, losing leg
STATE OF PLAY: Highly watched Hong race remains too close to call as progressives notch key primary wins
Five teen friends killed after vehicle plunges down Colorado cliff, leaving community shattered
Ilhan Omar on track for fifth term as Minnesota voters maintain far-left streak
Schumer dealt another blow as progressive insurgency scores win in key Senate battle
Trump-backed Mike Lindell falls to Lisa Demuth in Minnesota governor primary
Minnesota House speaker Lisa Demuth wins GOP gubernatorial primary to replace Tim Walz in November
4-year-old dies after suffering electrical shock from clothes dryer inside Kansas home
Trump’s ‘firewall’ against socialism in battleground state punches ticket to election
Pure Evil: 3 Charged in Water, Burning Torture and Murder of Boy, 7 – Multiple Suspects Are Trans
Watch: Rules Confusion Leads to 16-Minute Delay in MLB Game as Red Sox Accidentally Score a Run
Fauci’s Pardon Neutralized? Florida Issues Subpoena, Begins Investigation Into Self-Dealing, Which Fauci’s Pardon Does Not Cover

See also  FBI investigated then-Attorney General Jeff Sessions one day after Comey’s firing, declassified documents show

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