Hollywood’s workforce only needed “survival” to “25”. This was a talisman in the past year for the positives of the entertainment industry that was beaten through the demobilization of workers and the production of films and television limited.
But now as the year approaches the middle of the road, it seems a suitable dark saying: “TIL” 26. ”
Pink expectations of strong recovery have not been fulfilled this year. If there is anything, the shrinkage continues, at least in terms of employment in studios.
In recent weeks, three media and entertainment giants – Walt Disney Company, Warner Bruce Discovery and Bramont International – said they will stop the employees. Disney Cut several hundreds of employees In the United States and abroad Paramount watered hundreds From the domestic workforce and Warner Bros. Dozens of situations canceled.
It is another sign that the industry is still recovering from the effects of the epidemic, double book and representatives in 2023, while also trying to move in the changing media scene.
As people continue to reduce the rope and watch the traditional broadcasting television declines – taking into account valuable advertising dollars – companies re -customize resources to their broadcast platforms. They reduce spending after huge investments during the so -called broadcast wars. Now, the economic uncertainty of President Trump’s tariff has shook the markets and created a difficult comprehensive business environment.
C. Christopher Hamilton, an entertainment lawyer, practitioner and professor at the University of Sirkios, focuses on media work: “We are going through this pressure on our environmental system in Hollywood.” Companies are trying to “find a new natural, and adapt to the financial pressures that are exposed to the global economy and also know what is the smartest business model and a path forward.”
It is far from the hints of optimism that some had in this industry near the end of last year. Hamilton said that with strikes in the rear vision mirror, the films that appeared for the first time in theaters and production were slowly delayed, the thought was “we are outside the strikes, and we will be able to return to the market, buy and sell.”
Instead, many recent talks with customers and executives on the media focus on fear and uncertainty. People will tell him that it is difficult to sell a TV program, or they do not know whether their job will be present within two weeks. The international market has also become more suitable for local content, which means that the offers made by the United States are now competing greatly with a local chain.
“It is a terrible time to work to create content and content production point,” Hamilton said. “People do not want to risk. They are afraid of losing their jobs.”
Stephen Galwaway, Dean of Dodge College of Cinema and Media Arts, said the idea of ”survival” Til ’25 “has always been legend. The issues facing the industry in the long term and destruction.
“The industry is taught,” he said. “There will be a long -term switch.”
The constant decrease in linear TV is one of the shows that almost all studios wrestle. Although the number of viewers is low and the company’s share price can be withdrawn, the traditional broadcasting TV still earns money, which makes it important to manage costs and generate profits for as long as possible.
This also means cuts in these areas.
Disney’s demobilization achieved its marketing and television marketing teams, television advertising, photography and development, as well as the financial operations of companies. Warner bros. By cutting employees from cable TV channels. While Paramount did not reveal the departments affected by the demobilization of the workers, the executives participating in a memorandum of employees said that the decision came at a time when the company moves “continuous linear declines at the level of industry.”
Linear TV conflicts have pushed media companies to rotate their traditional TV assets, including cable networks, to separate entities. Santa Monica -based Lionsgate got the ball in 2023 when he said it would get Cut her work in film and television studio from its Starz cable unitA deal that has been completed this year.
Late last year, Comcast Corp said it would be made A new company consisting of its own cable channelsIncluding CNBC, MSNBC and USA. Then Monday, Warner Bruce said It would be divided into two companies circulating publicly One entity called Streaming & Studios and the second is called international networks, which consist of cable channels such as CNN, TNT and Discovery.
“The division of Warner Bruce” is “a recognition that the idea of building something is great enough to compete in the broadcast war has not succeeded.” Moreover, Netflix dominance in the broadcast space has made many companies re -evaluate their plans.
“There were already signs indicating that the number of offers and the number of signs,” he said. “It is the effects of trying to compete at the level of broadcasting and thinking about this is the future. The resources have been placed there, and now they have to retreat.”
“The mouse house pumped many shows and films to compete against Netflix.
The company has withdrawn since then amid Iger’s invitation to focus on quality on the quantity and reach profitability in broadcasting services,, Which he achieved last year. The company’s latest job publications now include a number of openings for software engineers.
The largest economic environment, too, is a source of concern for those in Hollywood. In addition to industry concerns about artificial intelligence and the retreat of traditional television and cables, entertainment works are also struggling with local and global financial uncertainty. Paramount executive officials were martyred in the “dynamic macroeconomic environment” in its observation of employees.
“At the present time, there is an absolute feeling of terrorism between people at work that they will come out of a job, that old models do not work, and that they will not win what they had done before,” said Galway from Chapman. “They are not wrong to be afraid. I think they are wrong to be afraid as it is because it is a reduction process, which is a reduction after a huge expansion.”
White collar jobs in other industries are also threatened with technological change, an increase in investment in artificial intelligence and the decline after periods of employment of the epidemic. Earlier this year, technology companies such as Square, Meta, Google and Workday payment They said they will rest the employees.
Gallway said that Hollywood has always been making a boom and penetration, noting that in times of change, new opportunities are always created. Jobs in virtual production or artificial intelligence have become more numerous. Susan Sprong, CEO of the US Trading Group of Producers, said that studios were cut to their employees, so they will need producers to take care of shows and films.
She said: “These companies do not come out of the production of wonderful programming, movies and television.” “If you do not have a larger than an executive team that can help in completing this, this makes it important to have good producers working in all your projects.”
Maurita of Arizona said that the current environment is difficult, but the industry has always been difficult, and the people in this work are the trick and the deliberate of their work.
Although it is nervous time, he said: “There must be hope.”
