Hoping to capitalize on that good fortune, the shop moved in January to a North Hollywood space twice the size of its old building.
Then Hollywood’s screenwriters and actors went on strike. Now, says co-owner Shon LeBlanc, Valentino’s can no longer afford to pay its rent.
“My chest is tightening because the money is so tight,” says LeBlanc, bemoaning the Alliance of Motion Picture and Television Producers’ apparent lack of urgency to try to reach an agreement with the unions. “When is the mayor going to step in and say, ‘I’m ordering you guys to figure something out because you’re about to collapse the economy in Los Angeles?’”
It has been well over 100 days since members of the Writers Guild of America stopped working, and more than a month since the actors union joined them. LeBlanc’s is just one story of many detailing the financial ripple effects.
Few corners of the entertainment industry have been left unscathed
From studio rentals and set construction to dry cleaning for costumes and transportation to sets, it’s hard to find a corner of the Los Angeles economy that has entirely escaped the reverberations.
“A movie set in one day can generate tens of thousands of dollars,” says Kevin Klowden, chief strategist with the Milken Institute, a think tank that researches social and economic issues. “Depending on the level of activity, it can be hundreds of thousands of dollars.”
Diese Geschichte stammt aus der September 01, 2023-Ausgabe von AppleMagazine.
Starten Sie Ihre 7-tägige kostenlose Testversion von Magzter GOLD, um auf Tausende kuratierte Premium-Storys sowie über 8.000 Zeitschriften und Zeitungen zuzugreifen.
Bereits Abonnent ? Anmelden
Diese Geschichte stammt aus der September 01, 2023-Ausgabe von AppleMagazine.
Starten Sie Ihre 7-tägige kostenlose Testversion von Magzter GOLD, um auf Tausende kuratierte Premium-Storys sowie über 8.000 Zeitschriften und Zeitungen zuzugreifen.
Bereits Abonnent? Anmelden
CLIMATE SOLUTION: MASSACHUSETTS TOWN EXPERIMENTS WITH COMMUNITY HEATING AND COOLING
Jennifer and Eric Mauchan live in a Cape Codstyle house in Framingham, Massachusetts that they’ve been cooling with five air conditioners.
ONLINE MARKETPLACE EBAY TO DROP AMERICAN EXPRESS, CITING FEES, AND SAYS CUSTOMERS HAVE OTHER OPTIONS
Online marketplace behemoth eBay said it plans to no longer accept American Express, citing what the company says are “unacceptably high fees” and that customers have other payment options to shop online.
TECH NEWS SITE GIZMODO SOLD FOR THIRD TIME IN 8 YEARS AS EUROPEAN PUBLISHER KELEOPS LOOKS TO EXPAND
Longtime technology news and review site Gizmodo has been sold for the third time in the past eight years, this time to a European publisher looking to expand its coverage of the digital scene.
SOFTWARE GIANT SAP AGREES TO BUY WALKME FOR $1.5 BILLION CASH
German software giant SAP has agreed to buy WalkMe in an all-cash deal valued at about $1.5 billion.
CHINA LANDS A SPACECRAFT ON THE MOON'S FAR SIDE TO COLLECT ROCKS FOR STUDY
A Chinese spacecraft landed on the far side of the moon Sunday (02) to collect soil and rock samples that could provide insights into differences between the less-explored region and the better known near side.
BOEING LAUNCHES NASA ASTRONAUTS FOR THE FIRST TIME AFTER YEARS OF DELAYS
Boeing launched astronauts for the first time Wednesday, belatedly joining SpaceX as a second taxi service for NASA.
NEW ORLEANS PLANS TO SPIFF UP AS HOST OF NEXT YEAR'S SUPER BOWL
New Orleans hosts its 11th Super Bowl next year and the preparations involve showcasing the city’s heralded architecture, music, food and celebratory culture while addressing its myriad challenges, including crime, pockets of homelessness and an antiquated drainage system.
GOOGLE MAKES FIXES TO AI-GENERATED SEARCH SUMMARIES AFTER OUTLANDISH ANSWERS WENT VIRAL
Google said it has made “more than a dozen technical improvements” to its artificial intelligence systems after its retooled search engine was found spitting out erroneous information.
IN THEIR OWN WORDS: WHAT YOUNG PEOPLE WISH THEY'D KNOWN ABOUT SOCIAL MEDI
It’s dangerous. It’s addictive. Get off your phone.
LIFE AS A TEEN WITHOUT SOCIAL MEDIA ISN'T EASY.THESE FAMILIES ARE NAVIGATING ADOLESCENCE OFFLINE
Kate Bulkeley’s pledge to stay off social media in high school worked at first. She watched the benefits pile up: She was getting excellent grades. She read lots of books.