• About us
  • Donate
  • WADR
  • Contact us
  • Live Stream
Thursday, June 5, 2025
Loud Silence News
Advertisement
  • Ghana News
    • General News
    • Business
    • Education
    • Opinion
  • US News
    • Business
    • Health
    • Human Interest Stories
    • Politics
    • Education
  • Africa News
    • Business
    • Education
    • Health
    • Politics
  • ShowBiz
    • Ghana ShowBiz
    • US Showbiz
    • African ShowBiz
    • World Showbiz
  • Editorials
    • People
  • World News
    • Politics
    • Business
    • Education
    • Health
  • Sports
    • Ghana Sports
    • World Sports
  • WADR
No Result
View All Result
  • Ghana News
    • General News
    • Business
    • Education
    • Opinion
  • US News
    • Business
    • Health
    • Human Interest Stories
    • Politics
    • Education
  • Africa News
    • Business
    • Education
    • Health
    • Politics
  • ShowBiz
    • Ghana ShowBiz
    • US Showbiz
    • African ShowBiz
    • World Showbiz
  • Editorials
    • People
  • World News
    • Politics
    • Business
    • Education
    • Health
  • Sports
    • Ghana Sports
    • World Sports
  • WADR
No Result
View All Result
Loud Silence News
No Result
View All Result
Home US News US Business

Hollywood’s small businesses in crisis in coronavirus shutdown

Loud Silence Staff by Loud Silence Staff
April 25, 2020
in US Business
0
Hollywood’s small businesses in crisis in coronavirus shutdown
1
SHARES
8
VIEWS
Share on FacebookShare on TwitterShare on WhatsApp

[ad_1]

Hollywood may be known for its big studios with thousands of employees and giant sound stages. But of the 5,900 businesses in Hollywood, 99.5% have less than 500 employees, and over 90% have fewer than 10 employees.

Those are costumers, prop rentals, caterers, and trailer rental companies, sound mixing specialists and film editors — everything used in the making of movies, TV shows, or commercials.

After Covid-19 caused entertainment productions to come to a screecuing halt, the vast majority of those companies have seen their revenues plummet to zero in the past month. forcing many to lay off or furlough employees.

One of those companies is Star Waggons, which builds and rents custom trailers for stars and crew, for everything from film and TV shoots to commercials and concerts. The company employed around 100 employees and generates around $20 million annually. But this year it’s a very different situation. When sets shut down, CEO Jason Waggoner was forced to furlough some of his employees, as he looked at months with zero revenue.

Waggoner secured a small business loan through the Paycheck Protection Program, which he says is a game-changer for his company and his employees. “The loan will allow us to come through on the other side of this — that’s our goal,” says Waggoner. “We had a strong balance sheet, that was good, but this gives us an extra level of comfort knowing we’ll be able to make it to the other side of this.”

“Now the question is can we bring back some of those furloughed employees,” says Waggoner. “We will try to bring some back, but we’re not really sure, will it be May, June, September? We really don’t know and I think there’s a wide range of ideas.”

Now. Waggoner says they’re working to make sure they’re ready for more social distancing on sets, when productions start up again. “We are optimistic, once production comes back, I have to imagine it’s going to be really, really busy, but when that’s going to be I don’t know.”

But many of the small businesses in Hollywood did not receive the safety net of a PPP loan. The mom and pop shops who are effectively freelancers, with no employees other than themselves don’t qualify for the PPP.

Camille’s Catering is one of those companies: it serves crews, mostly on independent film productions. The company was founded Judy Napolitano and her daughter Camille, in the wake of the 2009 recession. Now they can’t get a loan from the Small Business Association.

“I don’t think it (PPP) was really written or thought out well for individuals, for freelancers … and there’s a lot of us out there, whether you’re in catering or whether you’re a writer you’re in lighting anything in hairstyles, manicures,” says Napolitano. “There are a lot of people that are just individual workers that aren’t qualified for these loans.”

Now Napolitano says she and her daughter are waiting for productions to start up again, and thinking about what precautions they’ll take, such as packaging food in individual portions rather than putting out a buffet spread. And they hope that the independent film they had been scheduled to cater—and was cancelled due to stay-at-home orders —will get rescheduled sooner rather than later.

[ad_2]

This content first appear on cnbc

You might also like

Billionaire Mark Zuckerberg loses $5.9bn in a day as Facebook faces rare outage, whistleblower testimony

Global cases top 3.6 million, Trump says more deaths inevitable

Supreme Court says Justice Ruth Bader Ginsburg underwent treatment for gallbladder condition

Tags: business newsCoronavirus: BusinessEntertainmentHollywoodmediatechnology
Previous Post

Hydroxychloroquine Ineffective for COVID-19, VA Study Suggests

Next Post

Another spike in Covid-19 cases in EC as national cases reach 4 220

Loud Silence Staff

Loud Silence Staff

Related Posts

US Business

Billionaire Mark Zuckerberg loses $5.9bn in a day as Facebook faces rare outage, whistleblower testimony

by News Reporter
October 5, 2021
Global cases top 3.6 million, Trump says more deaths inevitable
US Business

Global cases top 3.6 million, Trump says more deaths inevitable

by Loud Silence Staff
May 6, 2020
Supreme Court says Justice Ruth Bader Ginsburg underwent treatment for gallbladder condition
US Business

Supreme Court says Justice Ruth Bader Ginsburg underwent treatment for gallbladder condition

by Loud Silence Staff
May 6, 2020
US Business

United Airlines service workers sue over schedule cuts after airline got federal coronavirus aid

by Loud Silence Staff
May 5, 2020
Disney reports quarterly earnings, and TikTok gains more influence
US Business

Disney reports quarterly earnings, and TikTok gains more influence

by Loud Silence Staff
May 5, 2020
Next Post
Another spike in Covid-19 cases in EC as national cases reach 4 220

Another spike in Covid-19 cases in EC as national cases reach 4 220

Recommended

Penguin Meets Up With Orangutan During Excursion In Empty San Diego Zoo

Penguin Meets Up With Orangutan During Excursion In Empty San Diego Zoo

May 1, 2020
CIA warned employees against Trump’s wonder drug

CIA warned employees against Trump’s wonder drug

April 14, 2020

Categories

  • African Business
  • African Education
  • African Health
  • African News
  • African Politics
  • African ShowBiz
  • Education
  • Ghana Business
  • Ghana News
  • Ghana ShowBiz
  • Ghana Sports
  • Human Interest Stories
  • News
  • Opinion
  • People
  • ShowBiz
  • Social Trends
  • US Business
  • US Education
  • US Health
  • US News
  • US Politics
  • US Showbiz
  • WADR
  • World Business
  • World News
  • World Politics
  • World Showbiz
  • World Sports

Don't miss it

President Mahama Unveils 24-Hour Economy Plan, Set to roll out in July
Ghana News

President Mahama Unveils 24-Hour Economy Plan, Set to roll out in July

May 28, 2025
Unmasking the Propaganda Machine: The Coordinated Smear Campaign Against Dr. Anne Sansa Daly
Ghana News

Ghana’s Medical and Dental Council Clarifies Stance on Dr. Anne Sansa Daly’s Certification

May 26, 2025
Nii Armah Amarteifio Apologizes to Dr. Daly
Ghana News

Nii Armah Amarteifio Apologizes to Dr. Daly

May 24, 2025
Unmasking the Propaganda Machine: The Coordinated Smear Campaign Against Dr. Anne Sansa Daly
Ghana News

Unmasking the Propaganda Machine: The Coordinated Smear Campaign Against Dr. Anne Sansa Daly

May 23, 2025
Legal Notice: Demand for Retraction of Defamatory Publication
Ghana News

Legal Notice: Demand for Retraction of Defamatory Publication

May 23, 2025
Legal Notice: Demand for Retraction of Defamatory Publication
Ghana News

Legal Notice: Demand for Retraction of Defamatory Publication

May 23, 2025

About Us

LOGO

Loud Silence Radio & TV Network and is a multi media production company focusing on Ghanaian and African news.

Contact

  • Alexandria, Virginia, USA
  • +1 212-602-9641
  • loudsilenceradio@gmail.com
Facebook Twitter Youtube Linkedin

Download App

google play store

© 2021 Loud Silence Media. All rights reserved.

  • About us
  • Contact us
  • Donate
  • Live Stream
  • Privacy Policy
  • Terms of Use
Menu
  • About us
  • Contact us
  • Donate
  • Live Stream
  • Privacy Policy
  • Terms of Use
No Result
View All Result
  • Ghana News
    • General News
    • Business
    • Education
    • Opinion
  • US News
    • Business
    • Health
    • Human Interest Stories
    • Politics
    • Education
  • Africa News
    • Business
    • Education
    • Health
    • Politics
  • ShowBiz
    • Ghana ShowBiz
    • US Showbiz
    • African ShowBiz
    • World Showbiz
  • Editorials
    • People
  • World News
    • Politics
    • Business
    • Education
    • Health
  • Sports
    • Ghana Sports
    • World Sports
  • WADR
This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.