Economy tanks, Movies Soar


	Economy tanks, Movies Soar

Lacey Rose

3-24-2008 12:14 PM

822 views

Lacey Rose says:

Looks like there's some good news admist the otherwise bleak economic scenario, at least as far as movie studios are concerned. If history is any indication, the movie biz will thrive as the market takes a hit. Put it this way: when times are tough, a $10 movie ticket certainly beats a $50 sporting event or a $100 concert.

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<div style="margin: 12px 0px; font-family: arial; color: #333333; background: #ffffff; border: solid 4px #e5e5e5; width: 100%; clear: left;"><div class="CM_CTB_Content_Wrap" style="margin: 0px; padding: 0px;background-color: #ffffff;"><div style="border-bottom: solid 1px #dcdcdc; white-space: nowrap; margin-bottom: 8px; background-color: #eeeeee ;background-image: url(http://clipmarks.com/images/source-bg.gif); background-repeat: repeat-x; height: 24px; line-height: 24px; vertical-align: middle; padding-bottom: 4px; color: #666666; font-size: 10px;" ><a href="http://clipmarks.com/clip-to-blog/" title="see clips that are hot right now"><img src="http://content.clipmarks.com/blog_embed/1f97991f-096e-4480-8671-f78ca3394e37/C41F0341-CC75-4482-A24F-274CA23550AB/" alt="" width="19" height="19" border="0" style="vertical-align: middle; margin: 0px 4px; display: inline; border: none; float:none;" /></a>clipped from <a title="http://www.time.com/time/arts/article/0,8599,1724889,00.html" href="http://www.time.com/time/arts/article/0,8599,1724889,00.html" style="font-size: 11px;">www.time.com</a></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.time.com/time/arts/article/0,8599,1724889,00.html">That's 
because the durability of the movie industry during economic downturns 
is a Hollywood axiom, like the notion that any movie with robots will 
open at No. 1 and all actresses over 40 live on a farm where they are 
well fed and exercised. Still, the widely accepted idea that movies are 
recession-proof will be tested in new ways in coming months, as Indy and 
Batman do battle with stay-at-home entertainments people have already 
put on their credit cards, like iPods and plasma-screen TVs.</blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.time.com/time/arts/article/0,8599,1724889,00.html"><P> 
Even during The Great Depression, Americans managed to scrape together 
enough nickels to take in escapist fare like Marx Brothers comedies and 
monster flicks. Box office grosses rose during five of the last seven 
economic downturns in the U.S. — including the '70s oil crisis and 
the burst of the dot-com bubble in the early 2000s. It's not just a 
ticket price bump that accounts for the extra dough, either — the 
total number of movies people see in a year tends to rise in 
recessionary periods. </P></blockquote></div><div style="margin: 0px 6px 6px 4px;"><table style="font-size: 11px;border-spacing: 0px;padding: 0px;" cellpadding="0" cellspacing="0" width="100%"><tr><td style="background:transparent;border-width:0px;padding:0px;">&nbsp;</td><td align="right" style="background:transparent;border-width:0px;padding:0px;width:107px" width="107"><a href="http://clipmarks.com/share/C41F0341-CC75-4482-A24F-274CA23550AB/blog/" title="blog or email this clip"><img src="http://content9.clipmarks.com/images/c2b-foot.png" border="0" alt="blog it" width="107" height="17" style="border-width:0px;padding:0px;margin:0px;" /></a></td></tr></table></div></div>

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