Hollywood Finances Nothing To Celebrate In 2009

There is no Hollywood ending in sight in 2009 for the entertainment industry, which along with the rest of the nation is experiencing its worst economic slump in decades.

The fallout from declining local TV ad revenue, weakening DVD sales and diminishing sources of film financing will continue to pound Los Angeles' signature industry, which employs more than 200,000 people and pumps an estimated $20 billion to $30 billion into the local economy.

Read the whole story here.

Comments

[smallfish]

hollywood lost the manual to the dream machine that is the imagination.
nobody can act worth a crap.
but wait i'm sure we can make one more adam sandler movie.

[horsey]

for sure they don't finance many good movies.