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.
Alleged Tren de Aragua criminal gang members charged in ATM robberies across New England
Atlanta-area police blast parents over vodka martini packed in school lunch: ‘That is NOT apple juice’
Target Pays $110 Million to Break Minneapolis Lease Amid Chaos in the City
Kennedy warns Ayatollah wants to ‘drink our blood out of a boot’ as Iran tensions escalate
BREAKING VIDEO: Hillary Flees Mic 4 Seconds After Reporter Dares Ask Why Ghislaine Maxwell Was at Chelsea’s Wedding in 2010
DHS agent says Abrego Garcia human smuggling case grew ‘stronger’ after investigation
Hillary Clinton comes out swinging after GOP grilled her during marathon Epstein deposition
Rubio, Machado, and Trump ranked as three most popular figures among Venezuelans: Poll
Two groups form in California governor’s race, but still no clear front-runner
Former Marvel actor working with Daily Wire for action movie produced by Ben Shapiro
Watch: The Priceless Look on This Sign Language Interpreter’s Face When She Has to Sign Hateful Islamic Verses She Probably Never Knew Existed
Denver mayor orders ICE agents detained if they ‘assault or shoot’ residents
Iran and US silent as negotiations in Geneva conclude without resolution
Travis County DA faces renewed ‘soft on crime’ criticism after career criminal charged with murder
Perfect Justice: Bill Gates Confesses to Russian Connection That Trump Was Falsely Accused of for Years
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.
Alleged Tren de Aragua criminal gang members charged in ATM robberies across New England
Atlanta-area police blast parents over vodka martini packed in school lunch: ‘That is NOT apple juice’
Target Pays $110 Million to Break Minneapolis Lease Amid Chaos in the City
Kennedy warns Ayatollah wants to ‘drink our blood out of a boot’ as Iran tensions escalate
BREAKING VIDEO: Hillary Flees Mic 4 Seconds After Reporter Dares Ask Why Ghislaine Maxwell Was at Chelsea’s Wedding in 2010
DHS agent says Abrego Garcia human smuggling case grew ‘stronger’ after investigation
Hillary Clinton comes out swinging after GOP grilled her during marathon Epstein deposition
Rubio, Machado, and Trump ranked as three most popular figures among Venezuelans: Poll
Two groups form in California governor’s race, but still no clear front-runner
Former Marvel actor working with Daily Wire for action movie produced by Ben Shapiro
Watch: The Priceless Look on This Sign Language Interpreter’s Face When She Has to Sign Hateful Islamic Verses She Probably Never Knew Existed
Denver mayor orders ICE agents detained if they ‘assault or shoot’ residents
Iran and US silent as negotiations in Geneva conclude without resolution
Travis County DA faces renewed ‘soft on crime’ criticism after career criminal charged with murder
Perfect Justice: Bill Gates Confesses to Russian Connection That Trump Was Falsely Accused of for Years
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.
