ReutersThe report, issued by the economic think tank on Thursday, takes on increasing importance as the Screen Actors Guild and Hollywood's major movie studios are embroiled in their own contract talks that threaten to throw the industry into another work stoppage as soon as the SAG contract expires on June 30.
"The biggest thing that (a potential SAG strike) really does is it slows down the recovery, even a short strike is going to lead to a further disruption of filming schedules," said Kevin Klowden, managing economist at the Milken Institute and one of the report's authors.
Klowden said the three-month writers' strike that ended in February cost the entertainment industry alone $500 million. But because Hollywood overlaps with other state industries, the report found the strike had a wider impact overall.
