By Brent Lang
Cinemark: 17,5K Layoffs, Pay Cuts, $42M Dividend Suspension, $20M Tax Refund Part Of COVID-19 Cash Preserve Methods
14.04.2020 - 19:07 / deadline.com
By Anthony D'Alessandro
Editorial Director/Box Office Editor
In a recent 8-K, the nation’s third largest chain Cinemark specified that their layoffs in the wake of closing theaters on March 18 due to the COVID-19 pandemic count 17,500 domestic hourly theater employees. In addition, 50% of their Plano, TX headquarter employees were furloughed at 20% of their salary (with full benefits), with the reduction of remaining employees’ salaries at 50%.
All of this is part of the circuit’s cash-saving
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billboard.com
23.04.2020 / 15:57
Endeavor Plans Layoffs, Furloughs and Pay Cuts for One-Third of Employees
As all of Hollywood continues to struggle to survive the closures caused by the coronavirus pandemic, Endeavor is gearing up for lay offs, furloughs and pay cuts across all divisions and company holdings.
hollywoodreporter.com
23.04.2020 / 01:31
Endeavor Plans Layoffs, Furloughs and Pay Cuts for One-Third of Employees
As all of Hollywood continues to struggle to survive the closures caused by the coronavirus pandemic, Endeavor is gearing up for lay offs, furloughs and pay cuts across all divisions and company holdings. The cuts, which have already begun in some businesses, will affect up to one-third of the company, which staffs 7,500 people worldwide, and will take place through May.
variety.com
22.04.2020 / 21:51
Endeavor Layoffs, Pay Cuts or Furloughs Will Affect One Third of Company Workforce by May (EXCLUSIVE)
Cost-cutting measures at Hollywood conglomerate Endeavor will affect up to one-third of the company’s workforce by the end of May, Variety has learned.
deadline.com
22.04.2020 / 18:17
Fox Corporation Imposes Temporary Executive Pay Cuts Amid Coronavirus Pandemic
By Nellie Andreeva
dailyrecord.co.uk
21.04.2020 / 17:19
Your energy supplier could owe you a refund - here’s what to check
It is estimated that 13 million homes across the UK are owed £1.7 billion by energy suppliers which has prompted one comparison website to put together a list of top tips advising consumers what steps they can take and how to apply for a refund.
pitchfork.com
17.04.2020 / 00:43
AEG Offering Ticketholders 30-Day Refund Period for Rescheduled Shows
AEG Presents, the live music conglomerate that puts on concerts across the United States in additional to notable festivals including Coachella, has announced it will open a 30-day window for ticketholders to get refunds for shows that have been rescheduled due to COVID-19, The New York Times reports.
variety.com
16.04.2020 / 19:15
Roc Nation Hit With Furloughs, Pay Cuts
Roc Nation, the multifaceted management-label-publishing company established as a partnership between Jay-Z and Live Nation, was hit with multiple furloughs and pay cuts last month that extend across as much as half the company, multiple sources confirm to Variety.
deadline.com
15.04.2020 / 21:23
WWE Sets Furloughs, Exec Pay Cuts In Plan To Save $4M In Monthly Costs
By Dade Hayes
deadline.com
14.04.2020 / 18:07
IheartMedia Targets $250M In 2020 Cost Savings With Furloughs, Pay Cuts
By Jill Goldsmith
variety.com
13.04.2020 / 20:29
ESPN Seeks Pay Cuts From Top On-Air Personnel
By Brian Steinberg
hollywoodreporter.com
13.04.2020 / 19:41
Live Nation CEO to Forgo $3 Million Base Salary, Execs Take Pay Cuts
A month after suspending all tours amid the novel coronavirus pandemic, Live Nation's CEO will be forgoing his annual base salary and other executives will be taking pay cuts, the events promoter disclosed. Additionally, the company has amended its credit agreement to get access to up to an additional $120 million to $150 million as the concert industry has shuttered across the globe.
variety.com
10.04.2020 / 21:57
Blumhouse Productions Hit With Layoffs, Pay Cuts for Senior Leadership (EXCLUSIVE)
By Matt Donnelly
hollywoodreporter.com
10.04.2020 / 18:07
Cast & Crew Implements Furloughs, Pay Cuts Amid Coronavirus Outbreak
Cast & Crew, the entertainment industry's ubiquitous payroll, accounting and human resources software brand, is following other companies' leads in implementing furloughs and pay cuts amid the coronavirus outbreak. The company, which also offers workflow and productivity software, on Thursday announced that it would furlough "a significant percentage" of its workforce and reduce hours for remaining employees.