The WGA Writers Strike is officially over, as reported by The Economist:
“Was it worth it? Writers lost about $260m in earnings, according to Jack Kyser, chief economist of the Los Angeles County Economic Development Corporation, and other people employed in the TV and film business missed out on $440m. The media firms also needed a deal: had the strike gone on for five months or more, it would have hurt them badly. Their broadcast-television units suffered the most. Nielsen, a ratings firm, found that for the first week of the 2008 TV season, audiences were 21% lower than last year.
Now we can all bite our nails waiting for the Screen Actors Guild contract to expire next June
- RH
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