WarnerMedia Production Gives Employees $100 Million For Coronavirus
As Hollywood comes to a halt due to the outbreak of coronavirus pandemic, most of the companies around the world have started to shutter down. Media companies are looking for alternatives to keep running the business while still observing lockdown and self-isolation. Some have even decided to off-load their staff, claiming they are unable to support so many of them. In the midst of all this, WarnerMedia production company has pledged US$ 100 million to support its employees out of work. WarnerMedia employees will receive a fund worth $100 million as production stops for the time being.
WarnerMedia Production Funds Laidoff Production Workers
WarnerMedia production boss, John Stankey said in his memo:
“We have paused many productions for the health and safety of emplyees, cast, crew and community. We are stepping up with a committment of more than $100 million to assist team members of those productions during this time. And as things evolve, we’ll continue to evaluate how we can best respond to the challenges we face as an industry as a result of this pandemic.”
In the same letter, WarnerMedia production boss also revealed that HBO Max will continue to launch as per its original plans, which is in May. Here is that statement:
“Our tech teams have been operating under very unique circumstances and have adapted quickly to a new way of working so that the launch of HBO Max remains on schedule for May; and the marketing team has had to recast plans to reach potential subscribers in innovative ways.”
Stankey also acknowledged how the closure of global theatres is disrupting the film industry. Production companies similar to WarnerMedia are working around their release schedule, finding optimal dates to deliver their must-see films.
In the end, WarnerMedia production writes to its employees in its memo:
“We don’t know how long we’ll be in this situation. But I am incredibly proud of how we are adapting during our global work-from-home efforts.”
You can read the complete memo here.