Yikes.
“Jan. 9 (Bloomberg) -- Warner Bros., the film and television studio owned by Time Warner Inc., may lay off as many as 1,000 workers because production has been curtailed by the Hollywood writers' strike.
Economic Impact
The economic impact spread to other professions as studios slowed production. Writers have lost about $179.6 million in pay and other unionized workers, including stage hands, about $309.6 million, according to Los Angeles County Economic Development Corp. The total impact on the region is $1.4 billion, the private agency said Jan. 7.
The walkout also forced cancellation of the Jan. 13 Golden Globe Awards, the annual televised ceremony honoring the year's best television and film performances. The program, on NBC, typically generates about $50 million to $70 million in spending for catering and other services, Kyser said.”-[Bloomberg]
