Surveying the Carnage: Movies, Sports and Education in Crisis
Credit: DRogatnev/Shutterstock.com
As the COVID-19 crisis grows, some industries will recover quickly, but some won’t recover at all. In this episode we help you understand which is which.
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This is the second in a series of episodes on how the economic crisis is challenging and transforming different industries. NLW looks at:
Movies:
- Direct releases are already making more than box office counterparts
- AMC is on the verge of bankruptcy (or buyout by Amazon)
- Production is on hold; even when it resumes, likely to have strict rules on how it is carried out
Sports:
- Depending on your study, between 61% and 72% of people surveyed say they’re unlikely to go to live sporting events even after lockdowns are lifted
- Colleges losing $18B+ in sports-related revenue
- eSports alternatives surging, with conversations on Twitter up 71%
Advertising:
- Industry took eight years to recover from the Great Financial Crisis
- Ad spending already down massively in March/April – down 38% in digital, 41% on TV, 45% on Radio, 51% on outdoor.
Education:
- Of public schools, only 22% are offering any live instruction
- Before crisis, college debt had increased 107% between 2009 and 2019
- Since the 1980s, the cost to attend college has grown eight times the growth in wages
- Estimates of 15% fewer enrollments and $23 billion in lost revenue
For more episodes and free early access before our regular 3 p.m. Eastern time releases, subscribe with Apple Podcasts, Spotify, Pocketcasts, Google Podcasts, Castbox, Stitcher, RadioPublica, IHeartRadio or RSS.
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