Before the dual strikes this year, Faux Library Studio Props in North Hollywood would typically fill up to 20 trucks a day that were picking up props for big Hollywood TV and film projects like “Top Gun: Maverick.” But now, CEO Marc Meyer says the company only sees one truck picking up props — for a TV commercial.
Faux Library Studio Props’ revenue has since dropped from about $150,000 a month to only $10,000, Meyer told TheWrap, and he laid off all 14 of his employees back in June. “If the actors strike is not resolved in a short time, we may be forced to sell some props,” he said. “It is straining my resources to the snapping point.”
Over the past six months, economic losses related to the Hollywood labor disputes have surpassed $6 billion nationally, Kevin Klowden, global strategist at the Milken Institute, estimated. Los Angeles accounts for nearly half of those losses, while...
Faux Library Studio Props’ revenue has since dropped from about $150,000 a month to only $10,000, Meyer told TheWrap, and he laid off all 14 of his employees back in June. “If the actors strike is not resolved in a short time, we may be forced to sell some props,” he said. “It is straining my resources to the snapping point.”
Over the past six months, economic losses related to the Hollywood labor disputes have surpassed $6 billion nationally, Kevin Klowden, global strategist at the Milken Institute, estimated. Los Angeles accounts for nearly half of those losses, while...
- 11/7/2023
- by Lucas Manfredi
- The Wrap
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