4.6 • 676 Ratings
🗓️ 20 October 2008
⏱️ 29 minutes
🧾️ Download transcript
Will record-low consumer confidence cause companies to pull their ads off network television or will broke Americans staying at home be a boon to the TV viewing? Plus, the director of Repo! The Genetic Opera may have his career repossessed.
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0:00.0 | From KCRW in Santa Monica, I'm Claude Brodesser Ackner, and this is The Business. |
0:04.7 | So you still want to do the show business, and you think that you got what it takes? |
0:09.5 | I mean, you really got a rap and be all at. |
0:12.0 | And prepare yourself for the brakes. Check it out. |
0:14.5 | This week on the business, will record low consumer confidence cause companies to pull their ads off network TV? |
0:20.7 | Or will broke Americans staying at home yield a bumper crop of couch potatoes? |
0:25.8 | Plus, the director of Repo, the Genetic Opera, may have his career repossessed. |
0:31.5 | But first, it's the Hollywood News Caravan. |
0:34.1 | Go nowhere, it's the business from KCRW. |
0:47.3 | Music Caravan. Go nowhere. It's the business from KCRW. We're all going on a wild economic ride these days. Well, not all of us. |
0:53.7 | Lionsgate CEO John Feldheimer just extended his contract through |
0:57.2 | March of 2014, and it looks like he is going to weather the storm just fine. Under his new |
1:04.4 | pact, the head of the independent studio will draw a yearly salary of $1.2 million right up till 2011, |
1:12.4 | when, according to Variety, quote, |
1:17.7 | it rises in accordance with the consumer price index. Because, you know, if anyone needs protection from inflation, its multimillionaire studio executives. Elsewhere, Disney announced last |
1:23.5 | week that it will spend an additional billion dollars to redesign its misbegotten California |
1:28.3 | Adventure theme park. That's on top of the billion it's spent to build Disneyland's next-door |
1:33.5 | neighbor in the first place. According to the LA Times, Disney hopes the extra billion will give |
1:38.3 | California adventure, quote, the main thing it lacks, an emotional connection to keep people |
1:43.2 | coming back. |
1:46.5 | The redesign will transport visitors, quote, |
1:51.1 | to the California of the late 1920s, when Walt Disney first arrived in Hollywood. |
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