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# Economy Begins To Effect Entertainment Spending
- URL: https://www.hypebot.com/economy-begins/
- Published: 2008-04-23T06:04:00.000Z
- Updated: 2008-04-23T06:04:00.000Z
- Description: The weak economy is beginning to have an effect on the entertainment industry. 37% of Americans believe they will spend less on entertainment products and devices in 2008 versus 2007,. Continue reading [https://www.hypebot.com/hypebot/2008/04/economy-begins.html]
- Author: Bruce Houghton
- Tags: Music Marketing, #wp, #wp-post, #Import 2026-01-21 11:06

[![Downarrowgig](https://hypebot.typepad.com/hypebot/images/2008/04/23/downarrowgig.jpg "Downarrowgig")](http://hypebot.typepad.com/.shared/image.html?/photos/uncategorized/2008/04/23/downarrowgig.jpg&ref=hypebot.com)

  
The weak economy is beginning to have an effect on the entertainment industry. 37% of Americans believe they will spend less on entertainment products and devices in 2008 versus 2007, compared to just 18% who anticipate spending more according to a new NPD Group study.

46% of respondents to NPD’s survey thought they would spend about the same amount in 2008 as in the prior year. Teens were the only age group where spending tipped positive; 30% believed they would spend more than last year, versus 25% who thought they would spend less.

Mix in more indie releases than ever, an increasingly confusing and fractured media landscape and a summer touring season dominated by aging superstars demanding high priced tickets and the short term industry outlook appears bleak.