Writers strike cost L.A. economy $2.5 billion

The 100-day Hollywood writers strike took a $2.5 billion toll on the Los Angeles
County economy — less than previously estimated.

The figure includes wages lost by
writers and other entertainment industry workers when the strike shut down
production, according to Jack Kyser, chief economist of the Los Angeles County
Economic Development Corp.

His Tuesday estimate also
represents damage done to Hollywood-dependent businesses such as limousine
services and caterers in the area.

The Writers Guild of America
strike began Nov. 5 and ended Feb. 12, 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. The revised final number reflects a reassessment
of data and the fact that entertainment is a difficult industry to track.

The industry typically represents
$54 billion of the Los Angeles County economy, Kyser said.

The last writers strike, a 153-day
walkout in 1988, resulted in an estimated $500 million in lost wages.

Source: Associated Press – msnbc.com

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