Recession Or No, We Can’t Live Without Our Cable

“‘Video and broadband are no more discretionary for most families than running water or electricity,’ said Berstein Research analyst Craig Moffett, in a note to investors. One indicator that Americans aren’t cutting cable service just yet: High-definition, flat-panel displays are still selling quite well, and are supposed to sell well through the holiday season.”

Surprise: Hollywood Feeling The Recession

“In past downturns, Hollywood earned a reputation for being “recession-proof” as U.S. consumers’ movie spending kept growing steadily. This time, the industry is coming off three years of nearly flat spending, and there are cracks in its armor: Home video sales slipped this month as consumer confidence fell again amid rising unemployment and a crashing stock market.”