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The Business

Hollywood Financial Forecast Calls for High Chance of Lows; Indie Games

The Business

KCRW

Tv & Film

4.6676 Ratings

🗓️ 19 January 2009

⏱️ 29 minutes

🧾️ Download transcript

Summary

This week on The Business, a Hollywood lawyer predicts a rough road ahead for what used to be a recession-proof business. Plus, video games…go indie!

Transcript

Click on a timestamp to play from that location

0:00.0

From KCRW in Santa Monica, I'm Claude Brod-Ester-Ackner, and this is The Business.

0:04.6

So you still want to do the show business, and you think that you got what it takes.

0:09.3

I mean, you really got a rap and be all at.

0:11.8

Aftercare yourself for the breaks, check it out.

0:14.3

This week on the business, a top entertainment lawyer predicts a rough road ahead for what used to be a recession-proof business.

0:20.6

Plus, video games go indie.

0:23.8

But first, it's the Hollywood News Caravan.

0:26.1

Stick around.

0:26.9

It's The Business from KCRW.

0:28.6

Thank you. The big news of the ongoing mess, that is the Screen Actors Guild, is that there is no news.

0:53.5

After lengthy emergency meetings last week,

0:55.9

a filibuster by hardliners helped foiled an attempt to unseat SAG executive director Doug Allen as

1:01.4

the union's chief negotiator. Since then, Allen has written a letter to SAG's National Board,

1:06.3

proposing that the strike authorization referendum be suspended. Instead, he's suggesting that the producer's

1:12.6

last best and final offer, the one they made last July, be put to the membership for a vote.

1:19.1

Negotiations with producers had foundered over digital content, and you can see where SAG's

1:24.3

obsession over all things digital makes some sense. A new survey from Deloitte found last week that 65% of American consumers now view their PC

1:33.2

as a more important entertainment device than their TV.

1:37.1

If you're over 14 and under 25, that number rises to 75%.

1:41.5

Meanwhile, TV continues its economic freefall. Advertising revenue was supposed to be up by 10% in 2008,

1:49.5

thanks to the presidential election, but wound up flat. Without that pale and bounce, and with the U.S.

1:55.7

economy shrinking, TV ad revenue this year is expected to plunge another 10 to 15 percent.

...

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