All I’ve heard about for the past couple of weeks is how money is destroying our lives.
The people that had it, lost it, those that don’t have it still don’t have it and the folks that need it, can’t get it.
Reports from the entertainment industry have mirrored the general markets. As of October 10th, the numbers for the major music companies are as follows:
• WMG - $5.95 off a 52 week high of $11.50
• Sony - $23.51 off a 52 week high of $57.19
• Apple- $88.74 off a 52 week high of $202.96
• Sirius XM - $.40 off a 52 week high of $3.94*
• Viacom - $20.68 off a 52 week high of $44.95
• Live Nation - $11.74 off a 52 week high of $24.03
• RealNetworks - $3.63 off a 52 week high of $7.61
*NASDAQ normally de-lists sub $1 stocks, but the exchange is considering an exception based in current market conditions.
This looks very depressing but on the other hand, we can’t give up on our entertainment. What keeps us working day in and day out is the thought of Friday night’s rock show, catching a good flick at the theater, buying that awesome home entertainment package and inviting good friends over for a entertaining evening!
Let’s take some lyrics from the classic Pink Floyd tune, “Money”:
Money, its a crime.
Share it fairly but don’t take a slice of my pie.
Money, so they say
Is the root of all evil today.
But if you ask for a raise its no surprise that they’re
Giving none away.
To solve this problem, I vote for Emma’s plan on the latest episode of “News and Views”. She encourages us to put our cash in a shoe box and stash it under our beds. That way we are responsible for our own piggy banks and can get back to the basics of enjoying our short time on this earth…