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.
Dem rising star who called Trump ‘con man’ spent over $120k on luxury hotels, transportation and security
Targeted for their faith overseas, persecuted Christians get a White House welcome under Trump
Graphic Video: LA Rioters Leave Female Journalist on the Concrete and Anti-ICE Mobs Go After 2 Other Female Journalists in Sanctuary City Nightmare
Trump Gives the Guthrie Family Everything He Can as Search Continues: ‘We Are Deploying All Resources’
The legal case for and against nationalizing elections
Illinois bar owner killed in ‘execution-style’ shooting, suspect with decades-long criminal record in custody
Pennsylvania hospital blaze forces patients to be evacuated
American Medical Assoc. Retreats on Trans Surgery for Kids After Years of Embracing Mutilation – 5 Days After $2 Million Judgment Against 2 Docs
Dem leaders share list of 10 demands for ICE reforms with GOP
Trump calls family of Staff Sgt Ollis to confirm Medal of Honor award
Watch: Perfect Troll vs Lamest Response – Scott Bessent Nails Dem in Heated Exchange, Then Dem Gives Literally the Lamest Response Possible
Trump returns to National Prayer Breakfast as faith takes center stage in second term
Republican who said Sen Cassidy ‘sucks,’ gets Trump endorsement after ditching Senate bid for House run
Teachers union leaders spent thousands at swanky resorts
Bodycam shows NYPD officer shooting man with knife as Mamdani calls for no criminal charges
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.
Dem rising star who called Trump ‘con man’ spent over $120k on luxury hotels, transportation and security
Targeted for their faith overseas, persecuted Christians get a White House welcome under Trump
Graphic Video: LA Rioters Leave Female Journalist on the Concrete and Anti-ICE Mobs Go After 2 Other Female Journalists in Sanctuary City Nightmare
Trump Gives the Guthrie Family Everything He Can as Search Continues: ‘We Are Deploying All Resources’
The legal case for and against nationalizing elections
Illinois bar owner killed in ‘execution-style’ shooting, suspect with decades-long criminal record in custody
Pennsylvania hospital blaze forces patients to be evacuated
American Medical Assoc. Retreats on Trans Surgery for Kids After Years of Embracing Mutilation – 5 Days After $2 Million Judgment Against 2 Docs
Dem leaders share list of 10 demands for ICE reforms with GOP
Trump calls family of Staff Sgt Ollis to confirm Medal of Honor award
Watch: Perfect Troll vs Lamest Response – Scott Bessent Nails Dem in Heated Exchange, Then Dem Gives Literally the Lamest Response Possible
Trump returns to National Prayer Breakfast as faith takes center stage in second term
Republican who said Sen Cassidy ‘sucks,’ gets Trump endorsement after ditching Senate bid for House run
Teachers union leaders spent thousands at swanky resorts
Bodycam shows NYPD officer shooting man with knife as Mamdani calls for no criminal charges
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.
