Businesses Feel Economic Impact of Writers Strike
Spectrum News 1: “We are just coming out of the pandemic where we all suffered including the writers and the economy. We are also looking at a possible economic recession. The economy has been…
Spectrum News 1: “We are just coming out of the pandemic where we all suffered including the writers and the economy. We are also looking at a possible economic recession. The economy has been…
Detroit Free Press: Sung Won Sohn, a finance and economics professor at Loyola Marymount University, said slowdowns that hit specific industries or communities are already taking place. Rolling recessions, he said, exist in housing,…
Washington Post: The labor market — a pillar of economic resilience — has led to a “rolling recession,” where parts of the economy, such as housing or manufacturing, take turns contracting, according to Sung…
“Over the past five years, we’ve seen declines in theatrical revenue, DVD revenue, broadcast revenue, and cable revenue. At the same time, costs are escalating, especially as they try to ramp up streaming services,”…
CNN: “On the surface, price pressures are lessening. But when the box is opened, [core inflation] accelerated to the highest rate since May 2021,” Sung Won Sohn, president of SS Economics and Loyola Marymount…
New York Times: “The tech sector is the workhorse of the state’s economy, it’s the backbone,” said Sung Won Sohn, a finance and economics professor at Loyola Marymount University. “These are high earners who…
The Intersect: David Offenberg, associate professor of entertainment finance in LMU’s College of Business Administration, stated that “Monetization as the distribution system changes has got to be at the top of their list,” regarding…