If Americans Stay Home, Do They Buy More Books?
Pamela McClintock
over at Variety.com noted “In five of the last seven recessions, box office revenues increased; in three of those, so did attendance.” Admissions are up a whopping 17.3% over June 2007. McCintock speculates it is the poor economy…
“The fact that the box office has held up as well as it has, even in the face of tough comparisons, may indicate that going to the movies is still considered by the public to be a relatively inexpensive leisure activity,” Fox co-topper Tom Rothman says.
The business is saved because the economy is hurting. So the sky isn’t falling? Hooray!
If people are staying home, shouldn’t the book business see a similar bump? More likely, simply better movies were released this summer (I am blocking Indy 4 from my memory) … and Batman opens on Friday. Can’t wait.
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