For Hollywood, it was a tough 2010

  •   The Alex Jones Channel Alex Jones Show podcast Prison Planet TV Infowars.com Twitter Alex Jones' Facebook Infowars store

Dawn C. Chmielewski and Meg James
Los Angeles Times
January 18, 2011

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.

This article was posted: Tuesday, January 18, 2011 at 12:38 pm







Infowars.com Videos:

Comment on this article

Comments are closed.


Watch the News

FEATURED VIDEOS
Dangerous Ideas: Burqa Liberation Day See the rest on the Alex Jones YouTube channel.

Flashback: 'Obama Lone Wolf Will Be Sovereign' See the rest on the Alex Jones YouTube channel.

© 2013 Infowars.com is a Free Speech Systems, LLC company. All rights reserved. Digital Millennium Copyright Act Notice.