![]() ![]() Many remember the 2007-08 writers’ strike, which cost the California economy an estimated $2.1 billion and 37,700 jobs tied to the entertainment industry, according to the Milken Institute. the economic impact has a bit of a multiplier effect.” “Think of it as a conveyer belt that you hit the pause button on or hit the off button. national media industry leader for audit, tax and advisory services firm KPMG. “Script writing is at the very beginning of many of these productions, but the downstream effect is tremendous,” said Scott Purdy, U.S. The Elyeas laid off two people in March after business slowed down. Business is already down 40% compared to a year ago, while costs including rent, utilities and health insurance have gone up. ![]() ![]() History for Hire, for example, expects to lose six figures in revenue every month that the strike continues, Elyea said. ![]()
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