Hollywood Shutdown Headed Into New Phase As Overall Deal Terminations Start To Trickle In
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deadline.comBy Nellie Andreeva Co-Editor-in-Chief, TV We are in Week 6 of the mass Hollywood production shutdown over the coronavirus pandemic.
There has been little movement on the surface over the past couple of weeks, since the first major film and TV company, Disney, announced pay cuts and furloughs.
There have been isolated moves — ViacomCBS last week let go of contract workers, indie production companies like Blumhouse and Annapurna laid off a handful of executives and support stuff, while Disney’s Marvel terminated a pair of overall deals.
The trickle is soon expected to turn into a flood, as major studios start imposing layoffs and begin suspending or terminating a significant portion of their term deals.
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