Hundreds of films, television shows, awards programs, and entertainment industry festivals and conventions went dark this year due to concurrent strikes by the Writers Guild of America and the Screen Actors Guild — American Federation of Television and Radio Artists. While the former announced a tentative agreement recently, actors continue to strike.
The economic trickle-down effect from these strikes has been severe. Consider that the average cost of making a major motion picture is around $100 million, according to Investopedia, and economists estimate that billions of dollars have been lost nationwide due to this year's writer and actor strikes.
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Elana Ashanti Jefferson
Elana Ashanti Jefferson serves as ALM's PropertyCasualty360 Group Chief Editor. She is a veteran journalist and communications professional. Reach her by sending an e-mail to [email protected].
