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What Did It Cost???


The writer’s strike may finally be coming to an end, but not without severe harm to the local economy first.

The strike, which has lasted over 3 months already, has cost the economy $2 Billion.


According to the Los Angeles Economic Development Corporation (LAEDC), estimates are that a $733 million loss has occurred in production spending and another $1.3 billion came from smaller venues, such as caterers, florists, hotels, restaurants, car services, and many others.

The biggest blow can be felt by dramatic television, which had 46 primetime dramas for broadcast and cable TV that were to be filmed in Los Angeles during the strike.

With each show employing approximately 200 employees, that’s over 9,000 people unemployed. And considering that each episode costs an average of $3 million to produce, that’s resulted in a loss of $138 million per week in production costs for the economy this year.

Thankfully the strike is 99% over now.

But, don’t you wanna know….

Where did those $2 billion go????

[Image via WENN.]

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Feb 11, 2008 13:34pm PDT

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