Things degenerated fast in the entertainment industry after President Trump declared coronavirus a national emergency on March 13. That morning, for instance, a"mini-riot" erupted on the set ofafter producers demanded employees show up for work even though CBS brass had sent an email asking them to stay home."It was quite a fiasco," says a staffer who witnessed the commotion."People were screaming at each other.
The Hit to Hollywood. No one knows just how bad it ultimately will be, but coronavirus’ financial damage to showbiz has already been severe"Entertainment is one of the main industries that will be hit hardest because it involves mingling with lots of people," says economist Eileen Appelbaum, co-director of the Center for Economic and Policy Research, a Washington, D.C. think tank.
Write-offs at all types of entertainment companies are a given at this point, although just how large and for who remains to be seen. Analysts at PricewaterhouseCoopers project that for the first half of 2020, the entire media and entertainment sector will generate $2.32 trillion globally, up only 1 percent from the prior year.
considering the quality of the products, this may not be linked to the virus
Sooo saddddd. 🥺 Not
Good!
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