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Topic: How has this pandemic effected the Entertainment Industry: panel
Since news of the outbreak began to emerge out of Wuhan, China, in January, entertainment companies and talent agencies have started imposing travel restrictions, urging some employees in affected areas to work from home, and encouraging staffers to do more teleconferencing and fewer big in-person meetings. Media stocks have collectively taken a walloping, sinking in tandem with the rest of the market over the past few weeks, largely on coronavirus fears. The dire economic effect of the epidemic is beginning to sink in across the entertainment and media landscape.
“This is going to have a broad impact on most of the sectors in all of the economies of the world, but entertainment will be particularly hard hit,” says Hal Vogel, a veteran media analyst. “People are scared right now, and they’re not going to want to spend a lot of time in a crowded theater. The big issue in my mind, and it’s not answerable yet, is how long will this go on and will it intensify?”
Executives, filmmakers, agents, publicists, talent and analysts say that the situation is entirely unprecedented. There’s never been a global epidemic that threatened so many core pieces of media conglomerates at the same time.
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Date: Wed, July 29, 2020
Time: 7:30 PM PST / 10:30 PM EST
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