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.
Fierce Trump critic Jasmine Crockett shakes up high-stakes Senate race
Congress to Withhold Key Funding from Pentagon Until Pete Hegseth Meets Lawmakers’ Demands
Report: Biden Was So Determined to Do the Opposite of Trump That He Ignored Repeated Warnings from His Own Advisers
White House turns up heat on Biden’s economic record as voters sour on ‘affordability’
Former Miss Slovakia says Uber driver kicked her out on busy intersection for being Jewish
Luigi Mangione pumps fist in court as body cam allegedly reveals loaded magazine found inside wet underwear
Top Dem Drops Out of Texas Senate Race on Same Day Jasmine Crockett Is Expected to Announce Her Candidacy
Op-Ed: Shocking Teenage Abortion Investigation Shows Weakness of Red-State Abortion Laws
Trump to unleash $12B farm rescue as China trade reset hits US growers
Trump HHS changes transgender Biden official’s nameplate back to birth name during shutdown
Megyn Kelly Confirms Deadly COVID Vax Reporting – Read the Bombshell ’10 Out of 96 Reported Child Deaths Were Vax-Related’ Memo Here
Picture Perfect Troll: Trump Adds His Birthday to List of Dates for Free Nat’l Park Admission and Cuts MLK Day, Juneteenth
SCOTUS takes up Trump’s bid to fire FTC commissioner at will — a showdown that could topple 90-year precedent
US deports more Iranians, Islamic republic says
DC police chief resigns amid Trump pressure and crime data manipulation probe
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.
Fierce Trump critic Jasmine Crockett shakes up high-stakes Senate race
Congress to Withhold Key Funding from Pentagon Until Pete Hegseth Meets Lawmakers’ Demands
Report: Biden Was So Determined to Do the Opposite of Trump That He Ignored Repeated Warnings from His Own Advisers
White House turns up heat on Biden’s economic record as voters sour on ‘affordability’
Former Miss Slovakia says Uber driver kicked her out on busy intersection for being Jewish
Luigi Mangione pumps fist in court as body cam allegedly reveals loaded magazine found inside wet underwear
Top Dem Drops Out of Texas Senate Race on Same Day Jasmine Crockett Is Expected to Announce Her Candidacy
Op-Ed: Shocking Teenage Abortion Investigation Shows Weakness of Red-State Abortion Laws
Trump to unleash $12B farm rescue as China trade reset hits US growers
Trump HHS changes transgender Biden official’s nameplate back to birth name during shutdown
Megyn Kelly Confirms Deadly COVID Vax Reporting – Read the Bombshell ’10 Out of 96 Reported Child Deaths Were Vax-Related’ Memo Here
Picture Perfect Troll: Trump Adds His Birthday to List of Dates for Free Nat’l Park Admission and Cuts MLK Day, Juneteenth
SCOTUS takes up Trump’s bid to fire FTC commissioner at will — a showdown that could topple 90-year precedent
US deports more Iranians, Islamic republic says
DC police chief resigns amid Trump pressure and crime data manipulation probe
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.
