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October 13, 2015

2 billion dollars

Cost of strike: $2 billion

by Brad Trechak, posted Feb 11th 2008 10:40AM
Writer's strikeAccording to an article in the Hollywood Reporter, the cost of the WGA strike on the local Los Angeles economy is estimated at $2 billion. This is four times the number of the 1988 strike, which lasted six weeks longer.

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.

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