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Movies / Recession #474872

NBC Evening News for Thursday, Dec 26, 1974
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(Studio) Effects of recession not just economy
REPORTER: John Chancellor

(Hollywood, California) Hollywood enjoying biggest boom in 10 years Film from 20th Century-Fox's "The Towering Inferno" shown. Movie companies making big, expensive pictures to draw people away from TV. Ind. spns. say people go to movies to forget problem of inflation and recession. [President 20th Century-Fox Gordon STULBERG - says movies help people escape realities.] History supports Stulberg's theory. Movies big during depression of 30's and recession of 50's. Citizens discuss reasons for going to movies.

Chancellor, John;
Neal, Roy

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