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.
State Department considers sharing passport records for voter citizenship checks
Lindsay Clancy’s push to probe holdout juror hits snag before pivotal retrial hearing
Kentucky trooper, father of 3, gunned down during traffic stop as suspect captured after manhunt
Lindsay Clancy holdout juror asks for one thing in new video after mistrial drama
Philadelphia serial killer probe brings in reinforcements to dig through home tied to missing women: report
Trump CMS faces bipartisan pushback over Medicare proposal tied to Biden-era drug pricing law
AI Companies and Major Unions Join Together for New Data Center Push
Sarah Huckabee Sanders Criticized Over ‘Welfare-To-Work Requirement’ Video That Depicts Young White Male as the Problem
Dem Senate nominee breaks silence after Susan Collins’ office was vandalized with vulgar message
Department of Education Officially Axes Biden’s ‘Illegal Title IX Rewrite’
‘Insulting’: Ex-Trump official’s ‘dishonest’ campaign ad triggers conservative revolt
Huckabee Announces Update on New US Embassy in Jerusalem Project
Fake Rabbi Catfishes Gaza Propaganda Photographer, Offers to Make His Dream Come True, Then Ruins It with Hilarious Reveal
GOP Sen. Susan Collins’ Office Vandalized with Vulgar Message Amid Tight Midterm Race
Team USA Presidents Cup Captain Says Trump ‘Gets All the Credit’ for Epic Comeback Win
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.
State Department considers sharing passport records for voter citizenship checks
Lindsay Clancy’s push to probe holdout juror hits snag before pivotal retrial hearing
Kentucky trooper, father of 3, gunned down during traffic stop as suspect captured after manhunt
Lindsay Clancy holdout juror asks for one thing in new video after mistrial drama
Philadelphia serial killer probe brings in reinforcements to dig through home tied to missing women: report
Trump CMS faces bipartisan pushback over Medicare proposal tied to Biden-era drug pricing law
AI Companies and Major Unions Join Together for New Data Center Push
Sarah Huckabee Sanders Criticized Over ‘Welfare-To-Work Requirement’ Video That Depicts Young White Male as the Problem
Dem Senate nominee breaks silence after Susan Collins’ office was vandalized with vulgar message
Department of Education Officially Axes Biden’s ‘Illegal Title IX Rewrite’
‘Insulting’: Ex-Trump official’s ‘dishonest’ campaign ad triggers conservative revolt
Huckabee Announces Update on New US Embassy in Jerusalem Project
Fake Rabbi Catfishes Gaza Propaganda Photographer, Offers to Make His Dream Come True, Then Ruins It with Hilarious Reveal
GOP Sen. Susan Collins’ Office Vandalized with Vulgar Message Amid Tight Midterm Race
Team USA Presidents Cup Captain Says Trump ‘Gets All the Credit’ for Epic Comeback Win
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.
