Tuesday, January 18, 2011

for hollywood, it was a tough 2010 as spending continued to fall

for hollywood, it was a tough 2010 as spending continued to fallfrom latimes: To paraphrase Apollo 13 astronaut Jack Swigert, "Hollywood, we have a problem." The industry that was supposed to be immune to economic downturns looks like it's going to have some re-entry problems as the economy begins to recover. Broad swaths of the entertainment business declined in 2010. DVD sales were off 13%. Music CD purchases plummeted 19%. Video game sales as well as concert and theater attendance also fell. Even the turnout for America's favorite pastimes — baseball and NASCAR — was down. And swift changes in technology will make it difficult for Hollywood to capture pre-recession levels of revenue. So much for the value of escapism. But perhaps most ominously, last summer the pay-television industry suffered an unprecedented net loss - for the first time - of customers, a yellow warning light that consumers may no longer regard cable TV as a must-have utility on par with electricity and phone service.

flashbacks: pay tv subscriptions fall for first time ever in US &
americans watched more television than ever in 2010

related media/meme updates:
more people follow lady gaga on twitter than live in israel*
arcade fire, kanye, kings of leon lead line-up for coachella,
yearly festival held on indian burial grounds/military base w/ 'octopus' connections
will internet radio kill the fm radio star?*
miss nebraska slams wikileaks during miss america pageant*
citizen kill: killing of zebras near hearst castle stirs controversy*
pr guys say golden globes fired them for fighting payola*
news is power in washington & aides race to be well-armed*
video: comcast merges with nbc*

No comments:

Post a Comment

fair use notice: this site contains copyrighted material the use of which has not always been specifically authorized by the copyright owner. we are making such material available in our efforts to advance understanding of environmental, political, human rights, economic, democracy, scientific, & social justice issues, etc. we believe this constitutes a 'fair use' of any such copyrighted material as provided for in section 107 of the US copyright law. In accordance with title 17 usc section 107, the material on this site is distributed without profit to those who have expressed a prior interest in receiving the included information for research and educational purposes.