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News Link • Business/ Commerce

Recession Fears Grip Hollywood: Can the Movie Biz Survive a Downturn?

• By Brent Lang

"When you see all this market volatility, it's a sign that a lot of people who think very hard about these things and have a lot of money on the line are worried that things are slowing down," said Charles Ballard, professor of economics at Michigan State University.

If investors' fears are justified, then the decade of economic growth the world has been enjoying could soon come to an end, leading to significant job losses, a capital crunch and a whole lot of pain.

But what does that mean for the media and entertainment sector, a business that has historically endured financial downturns better than other industries?

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