The cancellation of the Golden Globes awards show is set to cost the Los Angeles economy an estimated $100m. The Globes has been put on ice because of the on-going writers strike in Hollywood, and stars unwilling to cross the picket lines.
A string of glitzy showbiz parties and limousine reservations have now been cancelled, and restaurants are bracing themselves for scores of empty tables, the New York Post reports. "It's a major disaster and everybody is going to feel it," one Hollywood insider told the Post.
"Take limo services, for example. They routinely charge $1,000 or more for a day's service. There are hundreds and hundreds of cars that won't be going anywhere now."
By Owen Williams, Jan 09 2008 © Copyright 2008 - Showbiz Spy
Category Showbiz Gossip
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