Hollywood strikes sap economy as industry readies for revamp ...Middle East

LOS ANGELES, Nov 15 (Reuters) – While Hollywood celebrates the end of strikes by writers and actors, the multibillion-dollar economic toll on everyone from crew members to caterers will take months to tally. Striking writers and actors slashed spending, burned through savings and piled up debt to survive. Dry cleaners and other service industries laid off staff, while prop houses sold inventory or shuttered. Preliminary estimates place the economic cost at more than $6 billion in lost wages and business impacts across California and other production-heavy states such as Georgia and New Mexico, as most scripted film and television production ground to a halt. Sets for movies and TV shows ar

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Last updated : 15 Nov 2023 clock 02:53 PM

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Hollywood strikes sap economy as industry readies for revamp ...Middle East

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