This is the first recession of the new media age, where home entertainment options are more diverse. During this recession, people are cocooning with their brand new LCD or plasma high-definition TVs. Couple this with the fact that HD TV sets sold really well in 2008, and there are opportunities for small HD broadcasters.
High-Fidelity HDTV co-founder Ken Murphy, explains " 'we're starting to get a sense that the economic turmoil in which we all live is causing people to stay home more, spend more family time and look for entertainment value there.' " He adds, " 'and certainly, it's no secret that the HD sets have just flown out of the stores this Christmas. . .and I'm delighted that more and more of them are actually being lit up with appropriate HD set tops.' "
Source: Cartt, 01/22/2009