VIP+ Guest Column: How interest rate hikes are hitting Hollywood — and how it impacts the industry’s fast-evolving labor situation
the Fed has approved over the past 14 months. It’s an impact felt even deeper considering these increases converge with the substantial cost pressures already delivered by inflation overall.
The top six companies in the motion picture and television sector are carrying just over an estimated $150 billion in total debt, based on the total debt levels they specified in company reports at the end of March . That amounts to about a third each at Disney and Warner Bros. Discovery and the rest atHypothetically speaking, if all of their interest rates increase the same five percentage points as the Fed's, that's an additional $7.
But that salary number doesn't include actors and other part-year employees, and it also doesn't include payroll service costs — overhead — so I’m going with a higher number, which makes the results somewhat less ugly.
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