The Writers Guild of America (WGA) strike in Hollywood, which has been going on since May 2, has caused almost $5 billion in damage to the California economy. Since July, the American Actors Union has joined the Writers Union.
This is reported by the Financial Times. The publication highlights that the State’s losses will increase, since the latest negotiations between unions and film studios have not yielded results.
The writers’ strike has lasted four months. The last strike of this magnitude took place in 2007-2008 and lasted 100 days. The resulting losses were estimated at $2.1 billion.
The WGA estimates that the current strike is costing California’s economy $30 million a day. As the global strategist of the Milken Institute, Kevin Cloden, said, the indefinite strike has already caused the production stoppage of most Hollywood movies and series, which is also hurting small businesses: rental services, dry cleaning, catering , chauffeur services.
After film, radio and television workers in the United States joined the strike, the WGA strike was the first large-scale actors’ strike since 1980, and the first simultaneous strike by actors and screenwriters since 1960.
On August 30, California State Treasurer Fiona Ma called on the Alliance of Film and Television Producers to return to the negotiating table with writers and actors to stop the protests. The official noted that 700,000 Californians work in the entertainment industry.
Photo: Jack Quillin/Shutterstock
Author:
Ahmed Sadulayev
Source: RB
I am a professional journalist and content creator with extensive experience writing for news websites. I currently work as an author at Gadget Onus, where I specialize in covering hot news topics. My written pieces have been published on some of the biggest media outlets around the world, including The Guardian and BBC News.
