Recession effects on movie industry
January 5, 2009
Recent data and past history seem to indicate that the movie industry may be recession proof.
- From the beginning of September 2008, when the credit crunch hit, box office receipts are up 15% and admissions up 9% from the year prior (From NATO, the National Association of Theatre Owners)
- Box office admissions have gone up in five of the last seven recessions (NATO)
- However, a recent survey done by Forrester research suggested that those aged 25-34 were most likely to sacrifice a movie or premium cable if money gets tight (high speed internet was the primary media they could not live without)


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