Hollywood Assumes Crash Position: How `Recession Proof` Is Showbiz?
(WorldNews Business)

As the stock market plunges and pundits debate an economic downturn, entertainment insiders soothe themselves with the myth that the industry does well in depressions. But it`s almost certainly not true, say experts, especially as cord-cutting and the Netflix content bubble raise the stakes. As the stock market roller-coasters and gives up all its 2018 gains, experts and pundits naturally have begun to debate whether the U.S. is headed toward a recession. While discussions of debt levels and yield curves can cause eyes to roll, entertainment workers should pay close attention because, contrary to conventional wisdom, Hollywood is not immune to the laws of economics. "Maybe a recession...