Widespread Disney Furloughs Hit Film/TV Studios Such As Marvel, Pixar, Lucasfilm & More
Published on Apr 09, 2020
Disney finds itself hurt more than other studios when it comes to the recent Covid-19 pandemic. In addition to being the largest film/TV studio in the world, owning roughly 40% of last year’s domestic box office, the Mouse House also owns and operates various theme parks that have been shut down, as well as other forms of income not tied to film/TV projects. No one is 100% sure of the total revenue losses being experienced right now by Disney, but it’s crippling enough that the company has begun notifying a number of employees that they are being furloughed for the foreseeable future.
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Author: Charles Barfield