WGA Strike: An Unexpected Ally on Wall Street
Major Hollywood studios suffered an $8 billion single-day drop as investors worry a writers strike may cut into profit and damage credibility.
Hollywood moguls should be worried.
The Writers Guild of America just told 11,500 screenwriters to go on strike, and fight studios for bigger paychecks and more diversity in their shows. The late-night gabfests helmed by everyone from Jimmy Fallon to Jimmy Kimmel — all powered by premiere comedy writers — w…