Operations

L.A. Writers’ Strike Took $2.5 billion Toll on Economy, Says Economist

Posted on February 20, 2008 by LCT Staff - Also by this author - About the author

LOS ANGELES — An economist says the 100-day Hollywood writers strike took a $2.5 billion toll on the Los Angeles County economy but was less damaging that previously estimated.

LA County Economic Development Corporation chief economist Jack Kyser says the figure includes wages lost by writers and other entertainment industry workers when the strike shut down production on most scripted TV series.

It also represents damage done to Hollywood-dependent businesses such as limousine services and caterers.

The strike by members of the Writers Guild of America began November 5th and ended February 12th, after union members reviewed a tentative contract deal and voted to return to work.

Last week, Kyser pegged the cost of the walkout at $3.2 billion.

SOURCE: Associated Press

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