Halted productions impact all kinds of businesses, including companies that provide catering for productions, restaurants near studios, prop houses, set builders, dry cleaners, professional drivers, florists and more.
After divesting Barstool Sports, Penn Entertainment CEO says Dave Portnoy is the only ‘natural owner' for the company long term
"The economic impact is even bigger because average compensation in the industry is considerably higher" than the average earner, he tells CNBC Make It. "With the dual strikes, if it were to go beyond that into November, that estimate would be closer to $5 billion-plus," Holmes says.WGA leaders met However,"as united as writers and actors are, it's more disjointed on the studio side," Holmes says. That's because, in addition to traditional studios like Disney and Warner Bros. Discovery, the AMPTP represents tech companies like Amazon and Apple that have changed the landscape with streaming.
"They could be a quasi representative for all the people affected indirectly in the industry," he says.
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