"Tsunami Of Shift" - Disney LAYOFFS & Hollywood COLLAPSE Sparks Media Upheaval

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4.8 • 1.7K Ratings

🗓️ 6 June 2025

⏱️ 11 minutes

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Summary

Disney lays off hundreds across film and TV as Hollywood crumbles under streaming disruption, tax incentives elsewhere, and LA's decline. The PBD Podcast unpacks why production is leaving California and how media giants like CNN and Disney are struggling to survive.

Transcript

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0:00.0	So Disney is laying off several hundred employees across film television corporate finance with a source stating that layoffs affect multiple teams around the world,
0:07.1	introducing, including film, TV marketing, TV publicity, casting, development as follows.
0:11.4	Previous cuts including 7,000 jobs in 2023 to save $5.5 billion and nearly 6% or fewer than 200 people as ABC's New Corp, News Corp, and Disney Entertainment Networks in March.
0:22.5	The layoffs are part of Disney's response to the migration of cable TV audience
0:26.2	to streaming platforms as the company under Bob Eiger reshapes its business strategy amid industry turmoil.
0:33.3	And then you hear Hollywood has left L.A.
0:35.9	Actor Rob L.A. described the scarcity of experienced crews in L.A. noting a production in Atlanta where our Dolly Grip had never been on a set before.
0:46.9	And he'd applied for the job because he'd worked at a dolly at Costco.
0:51.8	He said the state of the business is so bleak now that even I am willing to consider shooting outside of LA because the opportunities here are just gone away.
1:00.5	Film LA reported 2024 is the worst year for local filming with only about a fifth damn of American movies and shows shot in LA.
1:08.5	Production has shifted from LA due to generous tax credits elsewhere with New York
1:12.9	offering a 30% base credit with a 10% upside, upstate bonus, subsidizing shows like the HBO
1:19.3	gilded age with $52 million, producer Jason Blum, said shooting night swim in L.A.
1:24.6	Costs an extra $4.5 million, while the good place creator Michael Shore noted cost efficiency is now the primary focus of a lot of TV and film production. California's 20% credit capped at $330 million, excludes major salaries pushing projects to places like Georgia with uncapped incentives. Tom.
1:43.7	Well, there's two big stories in here.
1:46.0	Headline number one.
1:48.0	This is Exhibit 54 of the shift that's happening in media right now.
1:54.8	And Disney is having trouble.
1:57.1	ABC, ESPN.
1:59.0	When you take a look, let me give me an example.
2:00.7	Our good and great friend, Stephen A.
2:02.3	You heard him on this program talking about all of the avenues where he's going to be used by ESPN.
	...

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