You've probably heard by now that the Golden Globes have been canceled this year, and in its place will be a much abbreviated, much less glamorous press conference. The writers' strike has already had a rippling effect on the economy, and the nearly non-existent awards show could tack on an additional loss of $80 million.
It's projected that NBC will be out anywhere from $10 million to $15 million in advertising revenues — there's no need for glossy commercials without the glitzy red carpet. Then there are the promotional aspects of the show for which losses are impossible to calculate, and the businesses of stylists and florists that will suffer intangible losses.
When asked for his opinion of the damage from canceling the show, designer Allen Schwartz (his label is ABS) said, "I think it's a huge, huge, huge, hit. It's tremendous exposure for the type of style that's on trend. That's what I mean. The exposure is immeasurable."
I'm just keeping my fingers crossed that the Oscars will be a go next month.
Burberry
Penhaligon
Fendi
I think it is a shame that our economy depends on the entertainment industry to be stable or whatnot.
1Why can't they still do the commercials? Stuff is going to be broadcast and personally, I'd rather watch the replacement programs they'll show than the actual awards ceremony, so the advertisers are missing out on my viewing if they pull out!
2This really does suck
3ABS has the greatest dresses. I've bought so many flattering dresses by Allen Schwartz and they always look like they cost five times what a girl pays for them. And they fit a variety of body types. I think we'll get by without the Globes. The Oscars are another thing all together. Between now and then we'll have the freedom to set our own trends and buy what each of us individually wants to wear. Or find it in the closet if it still fits.
4I love ABS too! I agree!
I dont feel sorry for the execs, but I do feel for all the other businesses that are suffering.
The economy sucks right now. I'm suffering, too
5Sucks.
6Maybe if the television stations/production companies would pay their workers what they deserve, and give full time employees benefits (instead of naming them 'contractors'), the strike would end.
7Great comment >lieclose
8I liked your comment because I believe the same too
9I think it is a shame that our economy depends on the entertainment industry to be stable or whatnot.
i agree
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