As I was driving to work throughout this week I couldn't help but noticed how high gas prices had risen in such an extremely short span of time. Our Economy is in peril and desperately trying to return to its former glory days of the Clinton era. As I reflected on this I began looking up news on how our country's recession may be affecting other industries other than just my personal life finances. Apparently one industry has yet to really take toll from the recession. I was watching this video clip aired in 2008. And found that the Entertainment industry actually benefits more from the recession due to the fact that the everyday man will seek an escape from the everyday anxiety and stress through a small window of entertainment hence movies is an example. Regardless of how bad the economy is or how tight one's financial pocket is at the current moment they will take the time to either go to a concert, watch a movie at the cinemas, buy some music to relieve stress, etc. Anything to allow for a small window of escape from the harsh realities of the financial struggles our country has been and is in currently still striving to overcome. It nevr dawned on me that the sales of tickets to go see a movie have stayed pretty consistent and or have even sky rocketed in certain areas through out the years as a result of financial hardship. Regardless of whether people will go to the movies or not doesn't hide the fact that people have also access to movies from Red Box and Netflix; two affordable outlets where people can squeeze a dollar to rent a movive or maybe spend an $8 monthly fee to have a wider array of movie selections via a computer, wii, and watch movies with out having to spend additional money in driving to a movie theater. They can stay home and "economize" all the more. I can say that Im guilty of instances in my life where I may have been in a tight financial spot and still managed to squeeze two movie rentals from a Red Box and enjoy a couple hours of mental escape. The Entertainment Industry realizes that the money is in the digital world. And Yes we are predominantly transitioning to a digital state of business. Going digital will secure financial stability for eternity for the Entertainment Industry. Access to entertainment products are available to not just the U.S. but all over the world. Therefore, what is not earned in the homeland is made up for in sale across the globe. Entertainment is that escape from reality and so long as we have stresses, events, celebrations, etc. we will always need Entertainment and Entertainment will always need us.
Sunday, April 1, 2012
Does our recession impact the Entertainment Industry?
As I was driving to work throughout this week I couldn't help but noticed how high gas prices had risen in such an extremely short span of time. Our Economy is in peril and desperately trying to return to its former glory days of the Clinton era. As I reflected on this I began looking up news on how our country's recession may be affecting other industries other than just my personal life finances. Apparently one industry has yet to really take toll from the recession. I was watching this video clip aired in 2008. And found that the Entertainment industry actually benefits more from the recession due to the fact that the everyday man will seek an escape from the everyday anxiety and stress through a small window of entertainment hence movies is an example. Regardless of how bad the economy is or how tight one's financial pocket is at the current moment they will take the time to either go to a concert, watch a movie at the cinemas, buy some music to relieve stress, etc. Anything to allow for a small window of escape from the harsh realities of the financial struggles our country has been and is in currently still striving to overcome. It nevr dawned on me that the sales of tickets to go see a movie have stayed pretty consistent and or have even sky rocketed in certain areas through out the years as a result of financial hardship. Regardless of whether people will go to the movies or not doesn't hide the fact that people have also access to movies from Red Box and Netflix; two affordable outlets where people can squeeze a dollar to rent a movive or maybe spend an $8 monthly fee to have a wider array of movie selections via a computer, wii, and watch movies with out having to spend additional money in driving to a movie theater. They can stay home and "economize" all the more. I can say that Im guilty of instances in my life where I may have been in a tight financial spot and still managed to squeeze two movie rentals from a Red Box and enjoy a couple hours of mental escape. The Entertainment Industry realizes that the money is in the digital world. And Yes we are predominantly transitioning to a digital state of business. Going digital will secure financial stability for eternity for the Entertainment Industry. Access to entertainment products are available to not just the U.S. but all over the world. Therefore, what is not earned in the homeland is made up for in sale across the globe. Entertainment is that escape from reality and so long as we have stresses, events, celebrations, etc. we will always need Entertainment and Entertainment will always need us.
Subscribe to:
Posts (Atom)