Hollywood strikes sap economy as industry readies for revamp bworldonline.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from bworldonline.com Daily Mail and Mail on Sunday newspapers.
While Hollywood celebrates the end of strikes by writers and actors, the multibillion-dollar economic toll on everyone from crew members to caterers will take months to tally. Striking writers and actors slashed spending, burned through savings and piled up debt to survive. Preliminary estimates place the economic cost at more than $6 billion in lost wages and business impacts across California and other production-heavy states such as Georgia and New Mexico, as most scripted film and television production ground to a halt.