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Writers strike could cost $21.3 million a day

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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.

Depending on how long it lasts, the strike could end up inflicting more economic pain than the previous major writers walkout in 1988, which lasted 22 weeks and cost the entertainment industry an estimated $500 million. That was the equivalent of a little more than $3 million a day. Read more

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--Richard Verrier and Andrea Chang

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