Hollywood's Biggest Hit
The newest financial blockbuster...
Last year, the biggest award show in Hollywood attracted nearly 40 million viewers and generated an estimated $80 million in ad revenue. In Los Angeles, award season represents a huge spike in revenue for hotels, limousines, restaurants, and party venues. If the writer's strike doesn't wrap up, the combined hit from a no-frills Oscar night could be severe for the local economy and a blessing to Netflix (NFLX) and Blockbuster (BBI).
Reporting from the golden west, Hoofy and Boo take a closer look at the economic implications of the writer's strike. In spite of the creative brain drain, Hoofy presents a few financial blockbusters of his own…
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