Alma 32:41

...Nourish the tree as it beginneth to grow, by your faith with great diligence, and with patience, looking forward to the fruit thereof, it shall take root; and behold it shall be a tree springing up unto everlasting life.

Thursday, January 22, 2009

Why I don't trust the media

"The entertainment industry is facing challenges from declining DVD sales and box office attendance and the digital transformation of broadcast television.

Yearly box office ticket sales fell 0.4 percent in 2008 to $9.6 billion from $9.7 billion, while the number of tickets sold fell 4.8 percent, according to industry tracker Box Office Mojo.

Harold Vogel, an analyst with Vogel Capital Management, said the long-held view that entertainment is recession-proof no longer holds true." By Sue Zeidler "Oscar nominations come in tough week for Hollywood" Reuters

So read all the hype and then read the numbers and you will see what is wrong. The money earned fell by .4% Ooooooh scary massive downturn! The number of tickets sold fell by significantly more- 4.8%...Why the big difference? They RAISED prices. They raised them so much that it almost made up for the downturn in attendance. Hmmmm... so did the recession cause the lower attendance or did the higher prices? Seriously, I think they are overreacting. Actually, I read an article a couple weeks ago that used the same percentages to say that the Entertainment industry is pretty recession proof. Check it out I found the other article written on Jan 4th, 2009 - "Box Office Resists Recession" . Don't you love spin? I am so sick of the doom and gloom because, really, it becomes a self-fulfilling prophecy.

Keep going to the movies, folks. My DH works in the Entertainment industry and we like him employed. :)


Michelle Williams said...

The self fufilling prophosy is the scary art for all negative spins in the news!

Love your new look for the site!

Michelle Williams said...

OOPS, I need to proof read! Self-fulfulling prophecy, there that's better !