DOW JONES- $13,593.37
S&P 500- $1465.77
NASDAQ- $3184.95

The Walt Disney Company- $52.35
News Corporation- $24.91
Time Warner Inc. - $44.71

In the news for my industry, Entertainment Diversified, I found out that the movie industry may be dying. According to The Motley Fool, the movie industry received its’ lowest levels in over ten years, bringing in just under $52 million from the top twelve grossing films. The last time these levels were that low, it was two weeks after the September 11^th attacks.  September has always been a bad month for Hollywood, being named a “dumping grounds,” but there seems to be something more going on this month.  Some speculate a reason for this may be the lack of newness or change in the movie-going experience in the last decade. As a result, the theatres and studios are finding it hard to make a profit on many of their movies.

I am not sure how much truth there is to the speculation of the industry’s decline because all of my stocks have only increased in value. However, if these levels continue to stay low, my stocks could be severely affected and their value diminished. Hopefully some new technology or innovation can be brought to the movie industry that helps boost revenue and allows stock prices to rise.

Also in my industry, according to Bloomberg.com, News Corporation has decided to separate its LA film and television production units. Along with the decision to separate the two units, co-chairman and CEO of Twentieth Century Fox movie studio, Tom Rothman resigned. Rothman helped oversee both the movies “Avatar” and “Titanic” which happen to be the first and second highest grossing movies on the all-time list, globally. This is a huge loss for News Corporation and I fear their stocks may lose some value for a while as a result.