When writers strike, losses mount

Stacey Vanek Smith Dec 21, 2007
HTML EMBED:
COPY
Writers picket during WGA strike Charley Gallay/Getty Images

When writers strike, losses mount

Stacey Vanek Smith Dec 21, 2007
Writers picket during WGA strike Charley Gallay/Getty Images
HTML EMBED:
COPY

TEXT OF STORY

Scott Jagow: It doesn’t look like the Hollywood writers’ strike is going to end anytime soon. And with awards season coming up, things could get ugly. Some stars are threatening a boycott of those shows.

And two more late-night hosts plan on crossing the picket lines. Jon Stewart and Stephen Colbert say they’ll go back to work the first week of January. Plus, the strike is costing a lot of people a lot of money. Stacey Vanek-Smith has more.


Stacey Vanek-Smith: Los Angeles drivers are still showing their support to writers picketing the studios, but that support is getting expensive. The strike has cost the regional economy more than $340 million. That’s according to new numbers from the Los Angeles County Economic Development Corporation.

Jack Kyser is chief economist for the group. He says the industry is on a slippery slope.

Jack Kyser: This is sort of a difficult time. You have the new TV season underway. You have a lot of the new series seem to be gaining a little traction, but they’re in danger of running out of scripts, and then what do they do? They don’t have an inventory of old shows that they can show during reruns.

If the writer’s strike keeps going through the end of the current TV season in May, the industry is expected to lose around $2.5 billion.

In Los Angeles, I’m Stacey Vanek-Smith for Marketplace.

We’re here to help you navigate this changed world and economy.

Our mission at Marketplace is to raise the economic intelligence of the country. It’s a tough task, but it’s never been more important.

In the past year, we’ve seen record unemployment, stimulus bills, and reddit users influencing the stock market. Marketplace helps you understand it all, will fact-based, approachable, and unbiased reporting.

Generous support from listeners and readers is what powers our nonprofit news—and your donation today will help provide this essential service. For just $5/month, you can sustain independent journalism that keeps you and thousands of others informed.