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Hollywood's Biggest Hit

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The newest financial blockbuster...

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The Writers Guild of America will be meeting with its members this Saturday to present the latest deal to end its 3-month long strike. If accepted, writers could go back to work as early as next week. With the Academy Awards hanging in the balance, the financial stakes are higher than ever.

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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