Recession Looms for Hollywood

Oct 29, 2008  •  Post A Comment

Often seen as recession-proof, the TV and movie industries are concerned that the vast array of programming available on the Internet may convince consumers to stay home and cancel their premium cable, the Los Angeles Times reports. While Hollywood films have traditionally fared well during economic downturns, this time around may be quite different,” Bobby Tulsiani, an analyst with Forrester Research, which recently examined consumer spending on media, tells the paper.
— Jon Lafayette


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