Posted in

Hollywood walkouts have wiped $5 billion from California’s economy, exceeding analysts’ estimates

Hollywood’s first double strike in over 60 years has dealt a $5 billion blow to California’s economy.

The entertainment industry has been largely on pause since the Writers Guild of America and the actors’ union SAG-AFTRA joined the picket line together.

Now, the consequences are reverberating across Los Angeles, as the slowdown creates a knock-on effect for enterprises across the board.

Share