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.
Pence leaves door open to 2028 White House run, issues stark warning to GOP after midterm disaster
Couple accused of killing registered sex offender in pre-planned stabbing in Arizona desert
Newsom reveals when he’ll decide on 2028 White House bid amid growing speculation
DHS touts highest ICE deportations in history, as Mullin says agency has been ‘unleashed’
Dan Patrick concedes Texas ‘turned purple’ after Democrats’ historic blue wave
Van Hollen challenges Schumer for Senate leadership after Democratic election sweep
‘They Still Do That?’: Watch Greta Thunberg Laugh Hysterically at Climate Activists She Ditched for Gaza
Texas man executed for beheading 3 children: ‘Going to be with my kids’
Sick Tattoos, Raised in Mosques – Man Accused of Murdering NYC Jogger Was Reported Multiple Times, but Left in Place Over Racism Fears
Sharia Law, Human Trafficking, and Modern-Day Slavery: When Religious Authority Becomes a License to Enslave Women
Even Stephen A. Smith is Fed Up with Dems’ Hegseth Impeachment Shenanigans: ‘Exactly What We Don’t Need’
So Much for Affordability: Dem Garcia Explicitly Threatens Stephen Miller with Lawfare on CNN
Revenge: Democrats Target Top Trump Fundraiser and Get Hit With Powerful Reply
The GOP knives are out for Trump Commerce Secretary Howard Lutnick
Arnold Schwarzenegger Tells Far-Left Jimmy Kimmel He is ‘Absolutely’ a Republican, Calls Obamacare ‘Bogus’
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.
Pence leaves door open to 2028 White House run, issues stark warning to GOP after midterm disaster
Couple accused of killing registered sex offender in pre-planned stabbing in Arizona desert
Newsom reveals when he’ll decide on 2028 White House bid amid growing speculation
DHS touts highest ICE deportations in history, as Mullin says agency has been ‘unleashed’
Dan Patrick concedes Texas ‘turned purple’ after Democrats’ historic blue wave
Van Hollen challenges Schumer for Senate leadership after Democratic election sweep
‘They Still Do That?’: Watch Greta Thunberg Laugh Hysterically at Climate Activists She Ditched for Gaza
Texas man executed for beheading 3 children: ‘Going to be with my kids’
Sick Tattoos, Raised in Mosques – Man Accused of Murdering NYC Jogger Was Reported Multiple Times, but Left in Place Over Racism Fears
Sharia Law, Human Trafficking, and Modern-Day Slavery: When Religious Authority Becomes a License to Enslave Women
Even Stephen A. Smith is Fed Up with Dems’ Hegseth Impeachment Shenanigans: ‘Exactly What We Don’t Need’
So Much for Affordability: Dem Garcia Explicitly Threatens Stephen Miller with Lawfare on CNN
Revenge: Democrats Target Top Trump Fundraiser and Get Hit With Powerful Reply
The GOP knives are out for Trump Commerce Secretary Howard Lutnick
Arnold Schwarzenegger Tells Far-Left Jimmy Kimmel He is ‘Absolutely’ a Republican, Calls Obamacare ‘Bogus’
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.
