Reply #229: The film industry has been hit hard by the recession. [View All]

[girl gone mad]

I just had dinner with a friend that runs a distribution company last week. Business is still way down and he said it's effecting just about everyone he knows. They've had to pass on tons of great films this year because he doesn't think they can make money.

The truth is, a few people in the entertainment industry have done well, but it's an increasingly competitive environment, and it was even before the recession.

China and India have their own entertainment, fashion and advertising industries, too. Asia is fast catching up to us on finance. We won't dominate these areas for long.