“IT'S CALLED GOSSIP AND OF COURSE IT'S AN OBSESSION OF MINE” -ANDY WARHOL

LOS ANGELES — Conventional wisdom holds that Hollywood’s fortunes go up when the economy goes down. People still crave entertainment, particularly of the escapist variety, and movies remain within the budgets of most people.
That may prove true this time around, too — ticket sales have been particularly robust in recent weeks — but studio prosperity stopped depending on box-office results a long time ago. DVDs propel profits these days, and there is a creeping dread in the movie capital that buyer interest is plummeting as the global economic crisis worsens.

New York Times
Nov 20 2008