08-28-86 Agenda & Packet - Laserfiche WebLink

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MI Route° to iSULeIreil[FOMIETZDIgeSit ° ° n txen+tute summary of current news on the leisure and discretionary spe,ithnmarkrts. Box.27488 Washington, D.C. 20038-7488= -Return to. (202) 232-7107 { Vol. VI, No. 14 k{ July 30, 1986 TRENDS & OUTLOOK Other good news/bad news: help-wanted ads rose sharply in June, but no drama- The end of inflation is producing as tic change for the better is seen, says many shock waves in the economy as the the Conference Board, which monitors oil crisis of a decade ago did when the ads credit card bal- the inflationary cycle was launched. ances remain at near-record levels, but From advertising to horse racing, the consumers seem reluctant to take on ad- end of the era of sharp increases in ditional charges (they have been spend- prices and value is beginning to emu- ing billions of $$$ on cars, however) ; late recent experiences of America's non-auto credit is running about $2. 8 farm and oil industries--over supply billion a month this year compared with and rising competition followed by some $4.1 billion a month in the last six severe shake-outs. months of ' 85 . Credit charges in May were the smallest in a year. Total con- For the first time, this month tv net- sumer credit card debt is now $560 bil- works ABC and CBS sold primetime worth lion, a record 19.1% , after taxes, of $1.4 billion at lower rates, upfront, consumer income. than a year ago. The discounts had been expected because of a softening market in recent months, but it was TV - MOVIES - V C R still a major development, headlined by both Adweek and Advertising Age. For the biggest buyers, discounts of Walt Disney Co. net income grew 39% over 5% were negotiated. The 1% cuts over- eal 1, however, were offset by 9 months period, with 3rd quarter film un- and tv operating income up 162%, and re- lease NBC, which posted price hikesikes oof lease of "Down and OUt in Beverly Hills" 3%-7%, as the network completes sales in 2nduarter affectingfilm income. of $1 billion of the $2.47 billion up- Company's Disneyland anWalt Disney front market. world theme parks contributed 54 .6% in operating boost for that division, as Sales declines were even worse, on a net income for 3rd quarter soared 51.6% smaller scale, at Keeneland's thorough- overall. For 3-month period, revenues bred yearling sales, considered a bell- were $647.9 million compared to $546 .9 wether for the horse breeding business. million year earlier; nine-month total Prices dropped an average of 24%--from was $1.74 billion compared to S1.42 bil- $537, 384 last year to $408,160 . The l two syndicates that have dominated auc- tion sales in the past decade were in- volved heavily still. Both are foreign, Twentieth Century Fox' "Aliens" gained from the Mideast country of Dubai, and a Time cover story on star Sigourney the other from England. Weaver and helped lift opening week box office above levels of previous 3 years, Speculative growth built on inflation but year-to-date totals continue to show and tax incentives have come under a declining trend of more than 3 years. double whammy in the past 2 years, with Will young male moviegoers plunk down the stock market's rise concentrated on dollars for female hero epic? And will industries where mergers/cash flow/book moviegoers return more than once? Has values came into prominence. Next shake- the pattern of repeat business that made outs: lodging and restaurants? for epic hits ("Star Wars") ended, done * # * * * * * * in by quick turnovers to VCR cassettes? IN THIS ISSUE: THEATERS, AIIDS & ARENAS 4 111/1 MOVIES - TV - VCR - 1 FITNESS 5 RACETRACKS, CASINOS & LOTTERIES _ 2 SPORTSMPSIC, RECORDS & TAPES 6 LEISURE TRAVEL 3 PUBLISHING 6 PROMOTIONS & ADVERTISING ,. 4 HOBBIES, GAMES DUCT 7 ATTRACTIONS & PRODIICTIONS 8