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Hollywood Strikes Cost 40,000 Jobs, Production Plummets 58%

6/1/2025

24 5

Summary

Story summary

In 2023, Hollywood's strikes devastated California's film and TV industry, wiping out 40,000 jobs and causing a staggering 58% drop in Los Angeles production since 2021. Governor Newsom's plan to boost tax credits faces skepticism, leaving many, including editor Phil Mangano, grappling with financial instability and an uncertain future.

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Story summary

In 2023, Hollywood's strikes devastated California's film and TV industry, wiping out 40,000 jobs and causing a staggering 58% drop in Los Angeles production since 2021. Governor Newsom's plan to boost tax credits faces skepticism, leaving many, including editor Phil Mangano, grappling with financial instability and an uncertain future.