As feared and forecasted, The Hollywood Reporter has made some top-level coronavirus staff cuts, and THR‘s chief film critic Todd McCarthy is among the casualties. Once movies and film festivals start happening again (presumably by August if not before) McCarthy would presumably get his gig back. Right?
Longtime veteran McCarthy is one of the most perceptive, eloquent and widely admired film critics in the realm today. Knows everyone and everything, has written books, directed a great doc about cinematography among others, etc.
THR‘s award-season pulsetaker and industry investigator Scott Feinberg has been spared, at least for the time being.
Excerpt of McCarthy statement, posted today at 5:13 pm on Deadline: “A month ago I was surprised, out of nowhere, to get a nice raise. Yesterday I got the boot. By guys I’ve never met. Apparently if you make over a certain amount, you’re suddenly too expensive for the new owners of The Hollywood Reporter, which has recently been reported as losing in the vicinity of $15 million per year. Dozens are being forced to walk the plank. It’s a bloodbath.
“What were the bosses thinking when they gave me a raise last month? What on earth are they thinking now? As I said to The New York Times when I was let go from Variety just over a decade ago, ‘It’s the end of something.’ What the next something is — for everyone is our business — seems less knowable than ever.”