By Dade Hayes
10.04.2020 - 00:13 / deadline.com
By Patrick Hipes
Executive Managing Editor
Universal Studios Hollywood and Universal Orlando Resort on Thursday extended their closures to “at least through May 31,” the latest pushing of the dates at the parks shuttered by the coronavirus pandemic. NBCUniversal also said that pay cuts for most full-time employees and furloughs for all of its part-time workers are coming.
“Our team members will be paid at 100 percent through April 19, but as we enter a more prolonged closure period, we need to
By Dade Hayes
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.
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.
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.
New York planned for a long fight against the coronavirus outbreak amid hopeful hospitalization trends. Gov.
New York planned for a long fight against the coronavirus outbreak amid hopeful hospitalization trends. Gov.
The British government announced Thursday that a nationwide lockdown imposed to slow the spread of the new coronavirus will remain in place for at least three more weeks, as health officials said the U.K.'s coronavirus outbreak — one of Europe's worst — was nearing its peak. Foreign Secretary Dominic Raab said, "Any change to our social distancing measures now would risk a significant increase in the spread of the virus." The lockdown has been in place since March 23.
By Jake Kanter
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.
Lanarkshire’s indoor tropical rainforest is calling for monetary donations to help them to cover the necessary costs to feed their zoo animals following the park’s closure due to the COVID-19 pandemic.
By Dade Hayes
By Jill Goldsmith
The residents of Los Angeles will be at home for at least another month.
The Disneyland union on Thursday night said it had reached an agreement with the Walt Disney Co. amid the park closure due to the novel coronavirus.
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.
Fitch Ratings has downgraded the credit rating for exhibition giant Cinemark Holdings over concerns that current theater closures amid the coronavirus pandemic will last until June "at the earliest." "Additionally, Fitch remains concerned over the company's ability to quickly return to a normalized course of operations due to either changes in consumer behavior or additional public health mandates that limit theater attendance capacity," the ratings agency said Thursday in a ratings note.
Universal Studios is staying closed.