CRIPPLING SoCal AND THE HUGE EXPORT ECONOMY

So the Writers Guild of America Strike continues into its 10 week – with no end in sight, and the affects on the Los Angeles county economy have to be staggering; imagine this, something $150 million off missed payments aren’t been funneled into the narrow economy that comprises La La Land where the ramification of that missed income doesn’t service the debt on one of the country’s most over-heated housing markets. Hundreds of people are missing their mortgage payments and will probably put a fair of the $600K and above homes on the foreclosure list.

The thing about the WGA Strike is that they’ve made a side deal with David Letterman and just today with CBS News, which means that the WGA is looking to stick it to the media robber barons (and who wouldn’t, given the chance?) at the expense of several things – their members, the non-creative people in the industry (by alienating their lot due to lay-offs and award show cancellations), and foreign sales buyers.

To have the Golden Globes get scuttled and the same possibility for the Oscars is quite interesting because of the all the extra revenue those TV broadcasts funnel toward those movies and TV shows (the Golden Globe winners, that is). There’s box office bumps of millions of dollars from the films that are nominated and then win these awards. Yet the real kick in the nuts is to the people who sell Hollywood internationally. Huge sums of money come from the foreign market, huge fucking sums!

Interestingly enough the scuttling of the Golden Globes will cost Hollywood $80 millions from the cancelled parties and other crap that’s required to have the even go on – freelance hair dressers, clothing boutiques, caterers, etc.

Well... no one said sticking it to the Corporate Supercapitalists was going to be easy.