As the COVID-19 crisis grows, some industries will recover quickly, but some won’t recover at all.
In this episode we help you understand which is which.
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 counterpartsAMC is on the verge of bankruptcy (or buyout by Amazon)Production is on hold; even when it resumes, likely to have strict rules on how it is carried outSports: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 liftedColleges losing $18B+ in sports-related revenueeSports alternatives surging, with conversations on Twitter up 71%Advertising:Industry took eight years to recover from the Great Financial CrisisAd spending already down massively in March/April – down 38% in digital, 41% on TV, 45% on Radio, 51% on outdoor.
See also: The Rise of the Dollar KillersEducation:Of public schools, only 22% are offering any live instructionBefore crisis, college debt had increased 107% between 2009 and 2019Since the 1980s, the cost to attend college has grown eight times the growth in wagesEstimates of 15% fewer enrollments and $23 billion in lost revenue

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