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.

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This entry was posted on Monday, February 11th, 2008 at 4:57 pm and is filed under Uncategorized. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.