With their stocks in freefall for the second time this week, the response from media moguls Wednesday was along the lines of: What? Me worry?
DreamWorks Animation CEO Jeffrey Katzenberg, speaking along with other executives at an investor conference, set the tone early by predicting the movie industry will weather just about any economic storm.
"Both traditionally as well as recently, we have seen that our product is, at worse, recession-resistant and, more optimistically and historically, has actually been recession-proof."
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