MEDIA

Strike Carries Hefty $21.3M/Day Price Tag

03/28/2008 02:45 am ET | Updated May 25, 2011

As thousands of TV and film writers marched along Hollywood Boulevard in the third week of their strike, film officials put a price tag on the potential economic toll of the walkout. Los Angeles' economy will lose more than $20 million a day in direct production spending if the writers strike extends into next month, according to FilmL.A. Inc., the nonprofit group that handles film permits and promotes the industry.

"If the strike continues it's going to have a huge impact on the local economy and middle-class jobs," FilmL.A. President Steve MacDonald said Tuesday.

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