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The article discusses the negative impact of worldwide recession on the entertainment industry in the U.S. According to the article, several producers and executives are finding it hard to keep up with the challenges posted by the economic downturn and media analysts are quoted as saying that plumping media stocks will most likely fuel a series of consolidations. In addition, it states that the global film outlook is also dim as movie projects find it hard to secure fundings for its production.

The article reports that concert ticket sales have decreased for Western music acts in Russia during the summer of 2008. Singers Kylie Minogue, Lenny Kravitz and the band the Sex Pistols have struggled to sell tickets in the country. Local concert promoters are blaming market saturation, rising costs and the high fees demanded by artists. The number of seats sold for Minogue's concerts in Russia and throughout Europe is discussed.