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.
Universities face funding threat as lawmakers target schools with ties to adversarial nations
Inside the far left ‘breeding ground’ universities alleged WHCD called home for years
Four noncitizens charged with illegally voting in 2020, 2022 and 2024 federal elections in New Jersey
Trump teases US will be ‘taking over’ Cuba ‘almost immediately’ in Florida speech
Pentagon orders withdrawal of 5,000 U.S. troops from Germany as Trump escalates feud with Merz
Op-Ed: Now Is the Time for Republican Courage on Abortion
Federal appeals court blocks mailing of abortion pills in ruling with nationwide effect
Domino’s driver runs down customer over tip dispute, caught on camera: police
Christian School That Was Punished for Stand Against Trans Athletes in Girls’ Sports Gets the Last Laugh
57 pounds of marijuana worth $220,000 found in Maryland man and woman’s suitcase at Dulles Airport
Republican Oklahoma Senate Candidate Found Dead in His Truck
WATCH: Driver smirks in mugshot after allegedly hitting group of cyclists in caught-on-camera road rage
Oregon Man Faces Lengthy Prison Sentence After Targeting Customs and Border Protection Helicopter
Female inmate sues Washington state after alleged attack by male-born prisoner in women’s facility
Trump aims to reset war powers clock with controversial bid to bypass Congress
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.
Universities face funding threat as lawmakers target schools with ties to adversarial nations
Inside the far left ‘breeding ground’ universities alleged WHCD called home for years
Four noncitizens charged with illegally voting in 2020, 2022 and 2024 federal elections in New Jersey
Trump teases US will be ‘taking over’ Cuba ‘almost immediately’ in Florida speech
Pentagon orders withdrawal of 5,000 U.S. troops from Germany as Trump escalates feud with Merz
Op-Ed: Now Is the Time for Republican Courage on Abortion
Federal appeals court blocks mailing of abortion pills in ruling with nationwide effect
Domino’s driver runs down customer over tip dispute, caught on camera: police
Christian School That Was Punished for Stand Against Trans Athletes in Girls’ Sports Gets the Last Laugh
57 pounds of marijuana worth $220,000 found in Maryland man and woman’s suitcase at Dulles Airport
Republican Oklahoma Senate Candidate Found Dead in His Truck
WATCH: Driver smirks in mugshot after allegedly hitting group of cyclists in caught-on-camera road rage
Oregon Man Faces Lengthy Prison Sentence After Targeting Customs and Border Protection Helicopter
Female inmate sues Washington state after alleged attack by male-born prisoner in women’s facility
Trump aims to reset war powers clock with controversial bid to bypass Congress
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.
