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Top 5 Recession-Proof Industries

Hamsa Ramesha | NursingLink


5. Lights, Camera, Action!

History tells us Hollywood and recessions are like a PB&J sandwich — the perfect combination. The Arab oil embargo of the 1970s and other past economic woes have always come out in favor of Hollywood, and it seems this time around is no exception (hello, Avatar!).

What is surprising are the record sales. More people stayed at home this recession, choosing an inexpensive night in with a movie, versus splashing out more by going out on the town. That adds up to box office gold.

Even though ticket prices have increased, overall U.S. box office ticket revenue hit a record high at $4.2 billion this summer. This is significant since no single blockbuster movie did as well as 2008’s The Dark Knight. International box office sales broke records too, up 7 percent from 2007 at $5.8 billion.

Online movie rentals aren’t doing too bad either: Redbox, the company behind automated $1 DVD rental kiosks in grocery stores, plans to expand in over 2,000 Kroger stores next year, as well as Walgreens, 7-Eleven, and other retailers.

However, the real superstar is Netflix. The recession was a blessing from the heavens for this Internet movie mogul; over 10 million paid subscribers – and counting – and a market value of nearly $3 billion. (That’s doubled since 2008!)

It doesn’t stop there. Netflix earned $432 million in third quarter revenue, a 4 percent increase from the previous quarter. Analysts expect the online giant will meet its goal of adding 300,000 to 500,000 new customers in the three months ending September … which would mean about 2.5 million more customers than the same period in 2008. Yowza! That would be a record growth in the company’s 10-year history.

On the flipside, competitor Blockbuster Inc. plans to close over 900 stores by the end of 2010 and denies rumors of bankruptcy.

Next: How to Find a Nursing Job in the Recession >>


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    Cary912

    over 4 years ago

    4 comments

    Recession proof, I doubt it. I'm a new grad since may 09 with a BSN. Every job that is available is asking for 1 to 2 years of experience. How can a new grad get any type of experience if nobody is willing to give the a chance. It is very discouraging and frustrated as a new grad.

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    slb

    over 4 years ago

    2 comments

    It is discouraging to see how many new nursing graduates are having difficulty finding a job. What seems to be forgotten when everyone is expounding the economy resistance of nursing is that many experienced nurses who have left the field are re-entering due to loss of other employment or loss of income of spouse. Also, there are more students being directed into the nursing field causing an increased supply to a dwindling demand. This ultimately will hurt the financial progress this profession has made.

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    lucid2020

    over 4 years ago

    18 comments

    Germs may not care about the economy, but whoever pays your wages does care about the economy, and so should you. Health care will not suffer immediately since it is constantly needed, but unless there is a system in place to pay these health care workers and have them in at least non-hazardous conditions, we may end up starving pro bono together.

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