Hollywood strikes cost California economy billions

The halt in production has created a knock-on effect for companies that support the movie industry The ongoing strike by script writers and actors in Hollywood has cost the California economy some $5 billion, the Financial Times reported on Saturday, citing a study by the Milken Institute, a local think tank. According to the report, the strike, which prompted a shutdown of most Hollywood productions, has sent ripple effects across a large number of local businesses that support the movie-making industry, including caterers, dry cleaners, drivers, rental companies, and others. “All these different people who provi

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