Fox Corp. and Walt Disney Co. informed a number of executives that the companies were ending temporary pay cuts that were introduced to cope with the financial impact of COVID-19, Deadline reported Aug. 20, citing sources.

Temporary pay cuts at Fox reportedly concluded July 31 as initially intended. However, top-level Fox executives such as Executive Chairman and CEO Lachlan Murdoch and COO John Nallen would continue to forgo their base salaries through Sept. 30.

For the period starting May 1 until Sept. 30, several other senior executives of the company had agreed to forgo 50% of their base salaries.

Meanwhile, pay cuts at Disney will reportedly be lifted from Aug. 23. Disney executives in March had agreed to take pay cuts, with CEO Bob Chapek giving up 50% of his base salary and former CEO and Executive Chairman Bob Iger agreeing to forfeit his car allowance and base salary, except for the amount necessary to fund his contributions to continue to participate in Disney's health benefits plan.

In April, a Fox Sports spokesman told The Wall Street Journal that a number of on-air talent at Fox Sports agreed to temporarily take a 15% salary reduction amid efforts to cut costs across Fox Corp. and Fox Sports due to the pandemic.