"Study Reveals Significant Drop in Hollywood Jobs Amid Strikes"

A study by Otis College of Art and Design reveals that Hollywood job losses in 2023, which were exacerbated by the writers and actors strikes, are part of a larger economic contraction in the industry. The study estimates that employment in the entertainment industry in Los Angeles dropped by 17% from April to October, resulting in a loss of roughly $1.4 billion in wages. The report suggests that the strikes should be seen within the context of a broader restructuring of the industry, as employment has been shrinking since 2016. While the strikes have ended, it remains uncertain if all the lost jobs will be recovered, as the industry's business model is undergoing significant changes.