Tag Archives: economy. Industry

Recession to Hollywood: This Time You Share The Pain

There is a must-read LA Times story today by¬†Dawn C. Chmielewski and Meg James called, “Hollywood May Not Be Recession-Proof This Time“.

“Blame the Internet. The endless stream of free content means strapped consumers can escape without spending at the multiplex or subscribing to premium cable.”

Just like the 1930’s Depression solidified the audience’s taste for frequent Hollywood films, this time a similar phenomenon could occur regarding new distribution outlets and theatrical venues for the New Digital Cinema. ¬†Remember, in transformational times, there is great opportunity for those that see the daylight and are flexible enough to react and commit to the new model.