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.
Wild video shows federal agents detaining 2 men at Minnesota gas station as agitators gather
Deadly avalanche claims 2 snowmobilers in Washington state backcountry, 2 rescued
Trump’s motorcade route adjusted after Secret Service finds ‘suspicious object’ at Palm Beach airport
Jacob Frey tells critics ‘sorry I offended their delicate ears’ after ICE f-bomb controversy
Street takeovers and traffic control by agitators in Minnesota cross legal lines, retired detective says
Suspect arrested after fire burns oldest Mississippi synagogue
US used sonic weapon on Venezuelan troops, report shared by Leavitt claims
Critical clue led police to suspect Chicago doctor in deaths of Ohio dentist, wife
LA Residents Still Battling Toxic Hazards in the Aftermath of Last January’s Devastating Wildfires
DHS deploying hundreds more federal agents to Minneapolis, Noem announces
Chinese Communist Party Rounds Up Members of Underground Christian Church in Crackdown
Repeat Offender Charged with Assaulting, Robbing Pregnant Woman While on Blue City’s ‘Electronic Monitoring’
Federal judge blocks Trump administration from enforcing mail-in voting rules in executive order
Obama Presidential Center slammed for promoting ‘far-left’ agenda on public land
Dallas Police Solve 52-Year-Old Missing Person Case, the Oldest in the State of Texas
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.
Wild video shows federal agents detaining 2 men at Minnesota gas station as agitators gather
Deadly avalanche claims 2 snowmobilers in Washington state backcountry, 2 rescued
Trump’s motorcade route adjusted after Secret Service finds ‘suspicious object’ at Palm Beach airport
Jacob Frey tells critics ‘sorry I offended their delicate ears’ after ICE f-bomb controversy
Street takeovers and traffic control by agitators in Minnesota cross legal lines, retired detective says
Suspect arrested after fire burns oldest Mississippi synagogue
US used sonic weapon on Venezuelan troops, report shared by Leavitt claims
Critical clue led police to suspect Chicago doctor in deaths of Ohio dentist, wife
LA Residents Still Battling Toxic Hazards in the Aftermath of Last January’s Devastating Wildfires
DHS deploying hundreds more federal agents to Minneapolis, Noem announces
Chinese Communist Party Rounds Up Members of Underground Christian Church in Crackdown
Repeat Offender Charged with Assaulting, Robbing Pregnant Woman While on Blue City’s ‘Electronic Monitoring’
Federal judge blocks Trump administration from enforcing mail-in voting rules in executive order
Obama Presidential Center slammed for promoting ‘far-left’ agenda on public land
Dallas Police Solve 52-Year-Old Missing Person Case, the Oldest in the State of Texas
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.
