BREAKDOWN: Surveying the Carnage... Movies, Sports and Education in Crisis

Some industries will recover quickly, but some won’t recover at all. Surveying the Carnage helps you understand which is which.

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This is the second in a series of episodes on how the economic crisis is challenging and transforming different industries. NLW looks at:

Movies

  • Direct releases are already making more than box office counterparts
  • AMC is on the verge of bankruptcy (or buyout by Amazon)
  • Production is on hold and even when it resumes, likely to have strict rules on how it is carried out

Sports

  • Depending on your study, between 61% and 72% of people surveyed say they’re unlikely to go to live sporting events even after lockdowns are lifted
  • Colleges losing $18B+ in sports related revenue
  • eSports alternatives surging - with conversations on Twitter up 71%

Advertising

  • Industry took 8 years to recover from Great Financial Crisis
  • Ad spending already down massively in March/April - down 38% in digital, 41% on TV, 45% on Radio, 51% on outdoor.

Education

  • Of public schools, only 22% are offering any live instruction
  • Before crisis, college debt had increased 107% between 2009-2019
  • Since the 80s, cost to attend college had grown 8x the growth in wages
  • Estimates of 15% fewer enrollments and $23B in lost revenue