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 AG accuses teacher of labeling student a ‘misogynist’ over ‘conservative views’: ‘She should be fired’
Harris keeps 2028 door open as she hits midterm campaign trail, warns ‘28 won’t matter’ without 2026
Takaichi and victim families make multifront plea for US to help Japanese citizens abducted by North Korea
‘Big Sister’ warning resurfaces as Massachusetts expands home visits after Clancy trial
White House Official Says Fox News and Reporter Jacqui Heinrich Have ‘Revealed Themselves for Who They Truly Are’
El-Sayed’s Trump-Backed Opponent Breaks with POTUS on Iran: ‘We Have to Bring Prices Down’
Kamala Harris says ‘attack on DEI is an attack on maternal care’ in appearance with El-Sayed
Netanyahu Sends Warning to Mamdani Ahead of Trip to NYC: ‘I’m Gonna Tell the Truth About You’
Trump Attempts to Officially Give AI a New ‘Much More Accurate’ Name During UN Address
Chuck Grassley doesn’t rule out investigating Trump Jr.’s Russian-funded wedding party
Breaking: ICE Nabs Dem Staffer Who Is Former News Anchor in Airport Operation
Missouri mom who put newborn in oven instead of crib learns fate as murder charge dropped
Bodycam footage captures moments after ICE shooting of Venezuelan migrant in Austin
Beyond killer robots: China’s real AI threat to America is already here, experts warn
Former USPS worker indicted after allegedly dumping 300-plus Utah mail-in ballots without delivering one
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 AG accuses teacher of labeling student a ‘misogynist’ over ‘conservative views’: ‘She should be fired’
Harris keeps 2028 door open as she hits midterm campaign trail, warns ‘28 won’t matter’ without 2026
Takaichi and victim families make multifront plea for US to help Japanese citizens abducted by North Korea
‘Big Sister’ warning resurfaces as Massachusetts expands home visits after Clancy trial
White House Official Says Fox News and Reporter Jacqui Heinrich Have ‘Revealed Themselves for Who They Truly Are’
El-Sayed’s Trump-Backed Opponent Breaks with POTUS on Iran: ‘We Have to Bring Prices Down’
Kamala Harris says ‘attack on DEI is an attack on maternal care’ in appearance with El-Sayed
Netanyahu Sends Warning to Mamdani Ahead of Trip to NYC: ‘I’m Gonna Tell the Truth About You’
Trump Attempts to Officially Give AI a New ‘Much More Accurate’ Name During UN Address
Chuck Grassley doesn’t rule out investigating Trump Jr.’s Russian-funded wedding party
Breaking: ICE Nabs Dem Staffer Who Is Former News Anchor in Airport Operation
Missouri mom who put newborn in oven instead of crib learns fate as murder charge dropped
Bodycam footage captures moments after ICE shooting of Venezuelan migrant in Austin
Beyond killer robots: China’s real AI threat to America is already here, experts warn
Former USPS worker indicted after allegedly dumping 300-plus Utah mail-in ballots without delivering one
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.
