This article was written by Kaniel Loughran.
“When the economy takes a dive, Hollywood is always there to pick up the pieces. But with the current trend of recession, can blockbusters continue to turn a profit?
It is considered, at times, that with the steady decline of the U.S. and world economies the ticket sales in the film industry would rise in inverse proportions. This may have been understood, at one point, to be a relatively reliable fact. It only makes sense, considering this is not the first time this sort of situation has come about.
During the Wall Street Crash of 1929 ticket sales went soaring, as it was considerably one of the cheapest forms of entertainment at the time. It has also been recognized that in the several other recessions in the last few decades that this fact has been proven true as well.”
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