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"The threat of an economic downturn has led Wall Street analysts to warn of a tough quarter for Hollywood, with estimates suggesting a recession could result in $45 billion in lost advertising spending. The industry is dependent on discretionary spending, and a downturn could lead to a decline in TV advertising sales, theme park attendance, and streaming service cancellations. Streaming services like Netflix may be less affected due to their strong market position and popular content, but other services may struggle. The impact could be particularly severe for companies like Warner Bros Discovery, which derives a significant portion of its revenue from advertising."
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