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Sony Pictures Entertainment Cuts Hundreds of Jobs in TV, Film

Media & EntertainmentPandemic & Health EventsLegal & Litigation

A major Hollywood union voted to authorize a strike, threatening walkouts that could cripple U.S. movie and TV studios, including Sony Pictures, as they continue to recover from COVID-19 shutdowns. The authorization raises material operational and revenue risk across the media & entertainment sector and could disrupt production and release schedules in the near term.

Analysis

A major Hollywood union voted to authorize a strike, threatening walkouts that could cripple U.S. movie and TV studios, including Sony Pictures, as they continue to recover from COVID-19 shutdowns. The authorization raises material operational and revenue risk across the media & entertainment sector and could disrupt production and release schedules in the near term.

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