Hollywood strikes take $5bn bite out of California economy ...Middle East

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Hollywood strikes take $5bn bite out of California economy
Receive free Media updates We’ll send you a myFT Daily Digest email rounding up the latest Media news every morning. The impact of the Hollywood strikes on California’s economy has reached almost $5bn four months after script writers took to the picket lines, a figure that is expected to grow after the latest talks between union representatives and studios ended in acrimony. The first joint strike by actors and writers in 60 years has shut down most Hollywood productions, creating a knock-on effect for caterers, dry cleaners, drivers, rental companies and other small enterprises that support the industry, said Kevin Klowden, chief global strategist at the Milken I

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