HOLLYWOOD: LaLa Land's screenwriters returned to work Wednesday, following the resolution of a three-month strike that paralyzed the US movie and television industries.
The Writers Guild of America voted to accept a new three-year contract that gives them a stake in the revenue generated when their movies, TV shows and other creative work are distributed online.
The deal grants them residual payments for shows streamed over the internet and secures the WGA's jurisdiction for programming created for the web.
Jack Kyser, chief economist for the Los Angeles County Economic Development Corporation, estimates the strike cost the local economy more than $3 billion (€2.05bn; £1.5bn). However, the losses are drop in the Pacific ocean compared with the $1.3bn which the LA economy generates each day.
Data sourced from Los Angeles Times; additional content by WARC staff