Recession Yields Silver Lining for Show Biz

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Hollywood isn’t recession-proof, with layoffs and belt-tightening sweeping the biz.

But as everyone from media moguls to Washington lawmakers has noted, box office is up around 12 percent so far this year. As easy as it is to get pessimistic about the state of the economy, there is some growth to be gained in Hollywood.

Some increases will come via startup ventures that have taken advantage of the changing nature of the film business. The next year, in fact, will see an accelerated push for 3-D at the box office and new investments in online film distribution, among other ventures. Recent economic downturns have shown Hollywood it can build new businesses even when consumers are spending less and looking for affordable entertainment options.

The past three recessions essentially turned homevid arms into cash cows for the studios, first with VHS, then DVDs and such online rental services as Netflix.





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