The Top 10 Most At-Risk Industries in the US
Although an expected uptick in the economy may support some of these industries in the coming year or two, the long-term forecast looks gloomy.
Going the way of the floppy disk's recycled existence as an ironic art statement is the recordable CD and DVD. Our state-of-the-art lives now revolve around clutter-free content -- whether we're watching videos on YouTube (NASDAQ:GOOG), streaming movies from Netflix (NASDAQ:NFLX), tuning into Internet radio on Pandora (NYSE:P), or listening to digital music files on the now-seemingly-ancient iTunes (NASDAQ:AAPL).
In addition, as conventional businesses are increasingly turning to cloud computing for IT services, so goes the need for physical software.
The film industry is recordable media's last hope since studios continue to profit heavily from movie sales in DVD format. In particular, 3-D films, with file sizes too large to stream, will help drive demand for the optical disc.
Still, Hollywood alone can't stop the industry's five-year projected freefall of 3.9% to $3.2 billion.
It will take a new runway rage of these beauties to keep recordable media from the brink. Ah, but who are we kidding? They'd be manufactured in China anyway.
(See also: The Top 11 Fastest-Growing Industries)
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