Surveying The Carnage: Movies, Sports, and Education in Crisis

<p> </p> <p><span style="font-weight: 400;">This is the second in a series of episodes on how the economic crisis is challenging and transforming different industries. NLW looks at:</span></p> <p><strong>Movies</strong></p> <ul> <li style="font-weight: 400;"><span style= "font-weight: 400;">Direct releases are already making more than box office counterparts</span></li> <li style="font-weight: 400;"><span style="font-weight: 400;">AMC is on the verge of bankruptcy (or buyout by Amazon) </span></li> <li style="font-weight: 400;"><span style= "font-weight: 400;">Production is on hold and even when it resumes, likely to have strict rules on how it is carried out</span></li> </ul> <p><strong>Sports</strong></p> <ul> <li style="font-weight: 400;"><span style= "font-weight: 400;">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</span></li> <li style="font-weight: 400;"><span style= "font-weight: 400;">Colleges losing $18B+ in sports related revenue </span></li> <li style="font-weight: 400;"><span style= "font-weight: 400;">eSports alternatives surging - with conversations on Twitter up 71%</span></li> </ul> <p><strong>Advertising</strong></p> <ul> <li style="font-weight: 400;"><span style= "font-weight: 400;">Industry took 8 years to recover from Great Financial Crisis</span></li> <li style="font-weight: 400;"><span style="font-weight: 400;">Ad spending already down massively in March/April - down 38% in digital, 41% on TV, 45% on Radio, 51% on outdoor. </span></li> </ul> <p><strong>Education</strong></p> <ul> <li style="font-weight: 400;"><span style="font-weight: 400;">Of public schools, only 22% are offering any live instruction </span></li> <li style="font-weight: 400;"><span style= "font-weight: 400;">Before crisis, college debt had increased 107% between 2009-2019</span></li> <li style="font-weight: 400;"><span style="font-weight: 400;">Since the 80s, cost to attend college had grown 8x the growth in wages </span></l