The now-concurrent strikes of two national unions representing writers and actors for major entertainment producers like Paramount and Netflix have the potential to dramatically alter the way Hollywood works and are squeezing media companies at a time when they are under increasing pressure to perform and be profitable.
The strikes are likely to have a major economic impact. But, from a real estate perspective, soundstages in Los Angeles and filming hubs across the country, owners seem insulated from the brunt of the impact.
Because of a recent streaming war-fueled trend of securing long-term leases for scarce space, many tenants are locked into their…