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People take selfies beneath the Hollywood sign as the WGA (Writers Guild of America) strike continues on July 12, 2023 in Los Angeles, California. "A lot of different people are impacted surrounding the industry," Holmes says, "and it's causing them a lot of hardship." How long could the strike lastSome experts say the current strike could set the record for the longest writers' strike in Hollywood history. If strikes last until October, Holmes estimates the economic cost will total closer to $4 billion to $5 billion. The WGA represents 11,500 members, while SAG-AFTRA represents roughly 160,000 members.
Persons: Todd Holmes, Holmes, Lee Ohanian, Billy Porter, Kevin Klowden, Milken, Ohanian, it's Organizations: WGA, Guild of America, Writers Guild of America, Alliance, Television Producers, Cal State Northridge, Milken Institute, Screen, American Federation of Television, Radio Artists, University of California, CNBC, LA Times, Hollywood, Variety, SAG, Disney, Warner Bros Locations: Los Angeles , California, California, LA, Los Angeles
California’s Corporate Exodus
  + stars: | 2022-09-11 | by ( The Editorial Board | ) www.wsj.com   time to read: 1 min
Gavin Newsom boasted this week that his state is poised to become the world’s fourth largest economy. Perhaps, thanks to Germany’s economic struggles, but a new Hoover Institution report documents an accelerating business flight from the Golden State. The report by Hoover senior fellow Lee Ohanian and Spectrum Location Solutions President Joseph Vranich finds that 352 companies moved their headquarters from California between 2018 and 2021. Twice as many businesses left last year (153) than in 2020 and 2019 and three times as many as in 2018. The top destinations: Texas (132), Tennessee (31), Nevada (25), Florida (24) and Arizona (21).
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