Retail Industry
Industry: Email Alert RSS FeedWant some inside information? Once again, as media giants reluctantly report gloomy earnings, the lone bright spot is the unit in which movies and video are the shining stars. (Observations and Opinions).(some industries not suffering)(Brief Article)(Editorial)
Video Business, July, 2002 by Hettrick, Scott
TV do-it-yourself maven Martha Stewart is suspected of insider trading. That seemingly nice little old cable system mogul John Rigas and his sons were dragged off in handcuffs from their home on charges of fraud. AOL Time Warner COO Robert Pittman and Vivendi Universal CEO Jean-Marie Messier were pushed out of their media conglomerates as scapegoats for stock nosedives.
Record-breaking multibillion-dollar bankruptcies and unprecedented criminal bookkeeping activity has been happening at Worldcom, Enron, etc., etc. The stock market has plunged to a four-year low. Just another fun-filled summer in America. So what are consumers doing to escape? They're going to the movies and buying and renting lots of videos and videogames. (OK,...
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