Cost of strike: $2 billion
All this information assumes the strike will end Tuesday when the contract terms are put to general vote. It's a likely assumption.
I've been to L.A. and it's pretty much a one-industry town (yes, I'm referring to the entertainment industry). When every other industry revolves around that one, a strike hits pretty hard.
I do wonder how the Los Angeles Economic Development Corp estimated that number. Did they tally last year's receipts for the town and estimated the difference? If so, did they take things like inflation or depreciation into account? Why is the spending on caterers, florists, etc. so much more than the actual production values? Is that why the majority of stuff produced by Hollywood is so crap?