For Immediate Release
Apr 19, 2001

The Impact of Potential Movie and Television Industry Strikes on the Los Angeles Economy
LOS ANGELES (April 19, 2001) — A prolonged strike by Hollywood writers and actors would have a devastating impact on the Los Angeles economy, costing the region as many as 81,000 jobs and $4.4 billion in income, a new study from the Milken Institute shows.

Even a short strike — where only the writers walk out, and for only two months — would be costly for the city, with some 47,000 jobs lost and a decline in income of $2.5 billion, the study says.

The report was commissioned by the Office of Los Angeles Mayor Richard J. Riordan as an independent analysis of the impact of the potential movie and television industry strikes on the L.A. economy. It was written by economists at the Milken Institute, a non-profit, non-partisan economic think tank, and Sebago Associates, an economic and public policy consulting firm.

View the executive summary.

View the report.

About the Milken Institute

The Milken Institute is a nonprofit, nonpartisan think tank determined to increase global prosperity by advancing collaborative solutions that widen access to capital, create jobs and improve health. It conducts data-driven research, convenes action-oriented meetings and promotes meaningful policy initiatives.