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.
NYC Judge Frees Man Accused of Shooting Service Dog of Woman with Down Syndrome While Attempting to Kill Man
Big Bend border wall construction pause extended to September
DOJ Arrests Honduran Man Accused of Taking Advantage of California’s Weak Election Laws
At March on Washington, an urgent plea for black voters to turn out in the midterm elections
LGBTQ group reveals which Dem nominee is sponsoring Halloween event featuring drag shows
Appeals court denies Peter Navarro bid to rehear contempt challenge: ‘Always headed to Supreme Court’
Woman accused of defacing WWII Memorial with spray paint indicted by federal grand jury
Woody Harrelson Formally Asks UK’s New Prime Minister to Probe COVID ‘Vaccine Injury’
Watch: Dems’ New ‘Anti-Zionism’ Is Really Anti-Semitism, And It Only Takes 30 Seconds for Biggest Game Streamer in the World to Explain It
Judge throws out Khalid Sheikh Mohammed’s 9/11 confession in already long wait for trial
Trump vows ‘powerful appeal’ after another federal court rejects hush money case
Three sentenced for Feeding Our Future fraud at Minnesota meal sites
Reagan-era official warns ‘red-green alliance’ has shared goal of ‘destroying’ America
Antifa-linked sites go dark after State Department terror designation of tech collective
Jerry Sandusky granted new evidentiary hearing after accuser recants testimony
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.
NYC Judge Frees Man Accused of Shooting Service Dog of Woman with Down Syndrome While Attempting to Kill Man
Big Bend border wall construction pause extended to September
DOJ Arrests Honduran Man Accused of Taking Advantage of California’s Weak Election Laws
At March on Washington, an urgent plea for black voters to turn out in the midterm elections
LGBTQ group reveals which Dem nominee is sponsoring Halloween event featuring drag shows
Appeals court denies Peter Navarro bid to rehear contempt challenge: ‘Always headed to Supreme Court’
Woman accused of defacing WWII Memorial with spray paint indicted by federal grand jury
Woody Harrelson Formally Asks UK’s New Prime Minister to Probe COVID ‘Vaccine Injury’
Watch: Dems’ New ‘Anti-Zionism’ Is Really Anti-Semitism, And It Only Takes 30 Seconds for Biggest Game Streamer in the World to Explain It
Judge throws out Khalid Sheikh Mohammed’s 9/11 confession in already long wait for trial
Trump vows ‘powerful appeal’ after another federal court rejects hush money case
Three sentenced for Feeding Our Future fraud at Minnesota meal sites
Reagan-era official warns ‘red-green alliance’ has shared goal of ‘destroying’ America
Antifa-linked sites go dark after State Department terror designation of tech collective
Jerry Sandusky granted new evidentiary hearing after accuser recants testimony
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.
