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Jun10
The Elephant in the Living Room
Consumers and marketers are embracing the explosion in media entertainment elephant.jpgopportunities. Whether you prefer your music from terrestrial radio, satellite radio, digital radio, CD audio, MP3, or iTunes, there are seemly endless ways to purchase, download, transfer and listen to your favorite tunes. The same applies to television. If you are inclined you can purchase reruns of 1980s sitcoms for viewing on your PC or video iPod. You can record and time shift everything else, and in certain instances download movies on demand. But Steve Smith at Media Post Publications (free registration required) is asking a squeamish question in an article entitled How Much Entertainment Can We Afford? It seems that media monsters like Disney and Time Warner are afraid to address the issue that maybe consumers will reach a limit to their entertainment budgets. “Joe Pilotta, vice president of BIGresearch, warns that media spending may suffer serious indirect pressure from what is fast becoming the elephant in the American economy's living room: the overextended consumer.” Consider yourself warned.

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