One of the best attractions here in Los Angeles is that you have a chance to see the Hollywood celebrities. You can go to the Rodeo Drive where they shop or just go to the fameous clubs where they hang out. Los Angeles’ economy is somewhat tied to the movies and television drama revenues.

With the ongoing Writer’s Guild strike, the Los Angeles Times had estimated that the strike could cost up to $21.3 million per day on the region’s economy.

Some of the clear effects are:

At least two dozen shows have stopped production, including dramas such as “24,” “Cold Case” and “Desperate Housewives,” late-night shows and several sitcoms including “Till Death,” “The Office” and “My Name Is Earl.”

Most TV shows are filmed in L.A., so the effect is especially acute here. If the strike continues into next month, virtually all of the 44 one-hour dramas and 21 situation comedies that are shot in Los Angeles will stop production entirely as the shows run out of fresh scripts to keep crews filming, industry officials say.

That will translate into a loss of 15,000 jobs and $21.3 million a day in direct spending, according to FilmL.A. The estimate is based on the average number of employees on these shows, and their typical budgets and shooting cycles.

For example, a single episode of a drama costs about $3 million to produce, employs 300 people and takes eight days to shoot. An episode of a half-hour sitcom costs $1.5 million, employs an average of 88 employees and has a five-day shooting cycle.

Source: Los Angeles Times