The Strike on Business
by Dyana Carmella
The strike has taken a huge toll on the state of California, the industry and related businesses. According to the Hollywood Reporter, “An estimated $733 million in production has been lost and another $1.3 billion came from the pockets of caterers, florists, valets, hotel operators, restaurant workers, costume house employees and others.” Dramatic television suffered the most through these past three months, leaving the 46 dramas that were supposed to shoot in L. A., incomplete. The Hollywood Reporter also pointed out that, “Since each episode of the 46 shows cost an average $3 million, the absence of dramatic, one hour TV shows has been sucking $138 million per week in direct production costs from the Los Angeles economy.”
Businesses will soon have to face the challenge of another change in the economy.
Companies that were forced to layoff many employees may be too understaffed to handle the work load when the strike finally comes to an end, which is expected on Wednesday.
February 13th, 2008 at 1:03 pm
Looks like we may finally be getting a resolution to the strike - finally.
~Ron