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Moody: Movies Likely Suffer In Economic Downturn

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Oct 3, 2008 1:47 pm US/Mountain

Moody: Movies Likely Suffer In Economic Downturn

Reporting
Greg Moody
DENVER (CBS4) ― While movies boomed as a new medium in the 1930s during the Great Depression, the same may not be true during the current economic downtown, CBS4 Critic-At-Large Greg Moody reports. That could mean trouble for Hollywood which is already facing dwindling investor involvement and a possible actors' strike.

Movies provided an escape from the depression in the 1930s. Tickets cost between 10 cents and a quarter and many people would see the latest film each week.

Nowadays, there are many other ways to fill the void and escape from reality instead of spending $9.50 per person on movie tickets and putting down another $30 at the concession stand for a family of four.

Moody also points out that while there are some movies, especially in the fall, that appeal to adult fans, most of the films these days are geared toward males, ages 14 to 21.

The rational is that instead of dropping in each week at the movies, it is likely to be more of a hit and miss affair.

Moody suggests television may be more of a replacement for movie entertainment because it is cheap, convenient and viewers can pick what they want to watch when they want it.

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