The global entertainment industry will take a $160 billion hit over the next five years as it slowly recovers from the coronavirus pandemic, according to a new report.
05.05.2020 - 02:29 / deadline.com
By David Robb
Labor Editor
An all-star lineup of entertainment industry union leaders will take part in a press conference Wednesday to discuss how they are dealing with the industry’s coronavirus shutdown. The teleconference will be hosted by Lis Shuler, secretary-treasurer of the AFL-CIO, beginning at 8 a.m. PT.
“From Broadway to Hollywood–and everywhere in between–COVID-19 has paused, postponed and cancelled productions, performances and events leaving most of the country’s four million
The global entertainment industry will take a $160 billion hit over the next five years as it slowly recovers from the coronavirus pandemic, according to a new report.
The global entertainment sector is set to "lose $160 billion of growth" as a result of the novel coronavirus pandemic over the next five years, research firm Ampere Analysis estimated in a report on Thursday. "While the biggest impact will be felt in 2020 and throughout 2021, growth will be reduced each year for the duration of the five-year forecast period," the firm said.
The global entertainment sector is set to "lose $160 billion of growth" as a result of the novel coronavirus pandemic over the next five years, research firm Ampere Analysis estimated in a report on Thursday.
Los Angeles County Board of Supervisors chair Kathryn Barger on Wednesday delivered “sobering” statistics that reveal how devastating the COVID-19 pandemic has been on entertainment industry professionals.
By David Robb
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In a remark that previewed how industry labor leaders are hoping to get Hollywood back to work safely, IATSE international president Matthew Loeb said that an industry safety commission plans to"negotiate for a set of uniform terms and conditions" with entertainment employersbefore business shut down by the coronavirus restarts once more.
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