The sequel to 2023’s brutal year for the entertainment and media industries was not much better.
In 2024, nearly 15,000 jobs were eliminated across broadcast, television, film, news and streaming — extending a two-year run in which the news and entertainment businesses were dealt body blows.
The numbers, courtesy of Chicago-based firm Challenger, Gray & Christmas Inc., which tracks the employment market, are sobering. While the 14,909 jobs that were lost by mid-December this year offered an improvement on the 21,417 jobs that were cut in 2023, it would be unwise to consider this year a “comeback” by any stretch. Combined, the number of jobs lost between 2023-24 more than quadrupled the amount lost between 2021-22.