warns could be used as “plagiarism machines” to craft scripts without writers. According to a WGA memo, the strike is costing Hollywood’s economy $30 million a day.
Jack Kyser, the chief economist of the Los Angeles County Economic Development Corporation, estimated that the 2007-2008 strike cost his state $2.5 billion; this time the estimate of potential damages are likely to top at least $3 billion.
Midway through the last strike, Kyser told the L.A. City Council, “It’s going to be painful and it’s going to get more painful as he goes.” The same could be said about today.As workers go unpaid, entertainment companies are stubbornly losing more money than the writers are asking for with the new contracts.
According to the WGA, the demands are less than 0.1% of Disney’s annual revenue and around 0.2% of Netfflix’s. And other guilds are threatening to join the picket line.
Read more on nypost.com
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