$5 bil­lion delays and can­cel­la­tions: How much WGA and SAG strikes have cost Hol­ly­wood

Hol­ly­wood exec­u­tives have reached a ten­ta­tive deal with the writ­ers who are strik­ing. The strike has cost the enter­tain­ment indus­try bil­lions of dol­lars and led to a month­s­long delay in the film­ing and release of many tele­vi­sion shows and movies.
Details of the three-year deal have not been released, and the deal will not be offi­cial until the final word­ing of the deal is reviewed by the Writ­ers Guild of Amer­i­ca, which rep­re­sents the strik­ers. But esti­mates expect the strike to have cost the indus­try at least $5 bil­lion so far.
WRITER’S GUILD OF AMERICA REACHES ‘TENTATIVE AGREEMENT WITH STUDIOS TO END STRIKE
“We stuck it out,” WGA liai­son Car­o­line Renard told Reuters on Sun­day. “This is a union indus­try, and it’s about the peo­ple that make the actu­al prod­uct that makes these com­pa­ny bil­lions of dol­lars.”
Before the deal can be offi­cial, the nego­tia­tors will vote on whether to rec­om­mend the deal to lead­er­ship when it has final word­ing, which will then decide if they will present the deal to mem­bers for a vote. The actors with the Screen Actors Guild and Amer­i­can Fed­er­a­tion of Tele­vi­sion and Radio Artists (known col­lec­tive­ly as SAG-AFTRA) are also still on strike.
The stop­pages have affect­ed not just the stu­dios an …