VivirLatino

Cancelled Globes Damaging L.A. Economy

11:39 H | Topics: Entertainment - Los Angeles - Money - Movies

I'm sure I'm not the only one slightly disappointed about the Golden Globes being canceled due to the continuing writers strike. But L.A. businesses are especially upset, as the awards show was a vital contributor to local economy.

Caterers, limousine drivers, stylists, hotels and dozens of magazines and TV shows found themselves out of work when this Sunday's star-studded Golden Globes gala dinner and red carpet walk-up fell victim to the nine-week-old screenwriters strike.

"There are a lot of people being hurt by this," said Jack Kyser, chief economist for the Los Angeles County Economic Development Corp. He estimated the Golden Globes annually bring in $70-$80 million to the Los Angeles economy.

"A lot of the parties are being canceled and they can run up to $200,000 each. There is a big ripple impact from this in terms of hotel bookings, security guards, parking attendants, beauticians etc.," Kyser said.

I guess a few parties here and there add up, and 80 million dollars is no small change.

And boo-hoo, obviously there will be no Globes roundups here on VL this year. Maybe we'll watch the "star-studded" news conference, but I doubt there will be much action there.

Via / Reuters

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