
Let's plunge right in!!!
If there is a serious economic crisis ahead the big beneficiaries will be TV and the internet. Lots of unemployed people mean lots of people at home connected to the media. These people won't have a lot of purchasing power, but they'll exist in such large numbers that no advertiser will be able to ignore them. Of course what's advertised will have to change. I imagine we'll see a lot of ads for soup, gum, soap, coffee, and the like...things that are cheap and accessible.

We'll probably see a larger audience for network programming since that's free. Cable companies will grow and even prosper for a while, but if the crisis deepens people won't be able to afford what they're offering. Maybe cable can save itself by attracting new advertisers and lowering fees. Maybe they'll acquire network and internet assets. It's hard to predict what'll happen here because at some point TV and the internet will merge, and what the outcome of that will be is anybody's guess.

The demand for animation may level off for a while, but will grow in the long run because frustrated, out of work people like to see exaggerated media. If Americans don't wise up and produce a more dynamic and imaginative product, the beneficiary of that growth will be Asia. A year ago, anime was poised to take over the international animation market, but in my opinion that takeover has been blunted, maybe permanently. The new crisis will create new consumers with new attitudes and Japan, which has animated the same way, and told the same type of stories for half a century, may not be able to adapt.

If the last depression was an indicator, the tastes of viewers will shift over time. In the early years of the Depression audiences wanted escapism and flocked to see stories about rich people in opulent apartments. As time passed audiences acclimated to the hard times, and they were willing to accept gritty stories of reality on the streets, provided they were about appealing and flamboyant gangsters. At the same time we saw stories that were influenced by the heroes of the pulp era, detectives and monsters, and at the tail end of the Depression we saw "arty" and propaganda films, which would evolve into what we later called "Noir."

My prediction is that audiences of the next year or so will prefer the kind of media that traditional television does well, dopey but comforting formats like Oprah and Letterman. After that tastes will dramatically shift to favor feature film-type stories. My prediction is that comedy will be king for a while, then it'll be joined by edgy drama. The comedy will be more sincere and earnest than we're used to, but stand-up will continue, and we might see a lot more physical comedy. Drama will find a new paradigm. It'll be something different, something built around the appeal of specific actors and writers we may not have paid too much attention to til now. Cartoons will be broad and cartoony, because that's what people living on the edge like to see. Horror and religious films too, so long as they also find a new paradigm.

One more prediction, based on audience preferences in the Great Depression: people will want to see dramatic characters that are effective and competent on the job. If this crisis produces any good effect It'll be that America will once again value "can do" types of people. Out of work people identify with people like that.
