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.


Republican who reportedly dropped out defeats Trump’s pick in key swing-district primary
Republicans move to oust embattled Florida GOP lawmaker in bitter primary fight
Musk Issues Stark Counter-Threat After Mamdani Team Member Declared Him ‘Valid Military Target’ According to Report
House Republican Ends Re-Election Campaign After Ethics Committee Recommends Censure
Details on Heavily Armed Person Roaming Golf Course Before Trump Visit Emerge, Notebook Seized
Disturbing: Gossip Columnist Perez Hilton Hospitalized After Harming Self on TikTok Live Stream
Takeaways from crucial primary elections across the country and more top headlines
Suspects in deadly Connecticut home invasion arrested in attack that rocked beach town
GOP governor endorses candidate challenging Trump-backed congressman in Republican US House primary
WATCH: Smithsonian director admits she sees history as ‘tool’ of ‘social justice’ in resurfaced 2025 clip
Marine veteran Las Vegas officer killed in shooting; armed suspect also dead
Democrats’ bitter civil war hits Michigan, but biggest prize still up for grabs
Trump warns Iran will be hit ‘really hard’ if nuclear negotiations collapse again
Socialist tenant organizer who blasted ‘sell-out Democrats’ loses Midwest primary
Dems rally behind Michigan prosecutor to champion party in crucial House race

See also  Races to watch in Michigan as establishment Democrats face off against challenges on their left flank

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.


Republican who reportedly dropped out defeats Trump’s pick in key swing-district primary
Republicans move to oust embattled Florida GOP lawmaker in bitter primary fight
Musk Issues Stark Counter-Threat After Mamdani Team Member Declared Him ‘Valid Military Target’ According to Report
House Republican Ends Re-Election Campaign After Ethics Committee Recommends Censure
Details on Heavily Armed Person Roaming Golf Course Before Trump Visit Emerge, Notebook Seized
Disturbing: Gossip Columnist Perez Hilton Hospitalized After Harming Self on TikTok Live Stream
Takeaways from crucial primary elections across the country and more top headlines
Suspects in deadly Connecticut home invasion arrested in attack that rocked beach town
GOP governor endorses candidate challenging Trump-backed congressman in Republican US House primary
WATCH: Smithsonian director admits she sees history as ‘tool’ of ‘social justice’ in resurfaced 2025 clip
Marine veteran Las Vegas officer killed in shooting; armed suspect also dead
Democrats’ bitter civil war hits Michigan, but biggest prize still up for grabs
Trump warns Iran will be hit ‘really hard’ if nuclear negotiations collapse again
Socialist tenant organizer who blasted ‘sell-out Democrats’ loses Midwest primary
Dems rally behind Michigan prosecutor to champion party in crucial House race

See also  Senate committee advances Todd Blanche’s attorney general nomination

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