Re: Effect of the Coronavirus
LA life is still pretty normal. I went to the movies last weekend to see Emma at Arclight and it was fine. But Coachella, scheduled for next month, is (imo) almost certain to be either canceled or postponed and that's when **** is going to feel like it's getting real here. Also, the cancelations of school classes or remote working that is happening right now up in SF and Seattle is probably going to start hitting LA this week or next.
Of a more macro concern for Hollywood (the industry) is the fact that markets are tanking and look closer to collapse tomorrow than any time since the housing market meltdown in 2008. If credit dries up that has major implications for studios and production companies that rely on debt financing to do their business, which will then trickle down to the front line workers on shows and films. Buckle up!
Originally posted by Friday
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Of a more macro concern for Hollywood (the industry) is the fact that markets are tanking and look closer to collapse tomorrow than any time since the housing market meltdown in 2008. If credit dries up that has major implications for studios and production companies that rely on debt financing to do their business, which will then trickle down to the front line workers on shows and films. Buckle up!
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