Comment Re:Hmm... (Score 3, Insightful) 573
Actually, in times of recession, low-cost forms of entertainment like movies and recorded music do fairly well. People like to be distracted. People will also buy small luxuries when they can't afford big ones. This is, perhaps, part of the RIAA's thinking: "We're in a recession, and our revenues have traditionally held steady in recessionary times."
Cases in point: the 1930s were one of the high points of the movie industry. Ditto stage musicals. People would gladly pay a quarter to go to the movies and forget their troubles for a couple hours. The recession of the early 1990s was also when things like Starbuck's got a boost. People who can't afford a new car will spend $4 on a cup of coffee.
Of course, considering movie ticket and CD prices these days, one can hardly consider movies and recorded music cheap entertainment anymore.
Cases in point: the 1930s were one of the high points of the movie industry. Ditto stage musicals. People would gladly pay a quarter to go to the movies and forget their troubles for a couple hours. The recession of the early 1990s was also when things like Starbuck's got a boost. People who can't afford a new car will spend $4 on a cup of coffee.
Of course, considering movie ticket and CD prices these days, one can hardly consider movies and recorded music cheap entertainment anymore.
