It seems likely that in an economic downturn, we’ll buy fewer theater tickets. Instead, we’ll rent more DVDs and continue to watch more online, free as well as pay-to-stream or pay-to-download. We expect that smarter tools for choosing what to watch will be especially important in huge DVD and online catalogues.
But what will we watch? These kinds of things are hard to predict, but here are a few highlights of what Americans enjoyed during hard economic times in the past.
1929: Stock markets crashed worldwide and the U.S. entered the Great Depression.
Top-grossing movie (courtesy of The Numbers): The Broadway Melody
The Broadway Melody had many firsts: MGM’s first musical film, one of the first musicals with a color sequence, and the first sound film to win Best Picture at the Oscars. A backstage show biz love triangle starring two sisters, it’s a light melodrama with plenty of Broadway clichés.
1973: Quadrupling of oil prices by OPEC alongside government spending on the Vietnam War led to stagflation.
Top-grossing movie: The Exorcist
What are those noises in the attic? A young girl is possessed and her desperate mother enlists the help of two priests to exorcise the demon… Very graphic for its time, it was dismissed by Rolling Stone as “nothing more than a religious porn film”
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