‘Good Recession’ Is on its Way, Warns Media Financier Joe Ravitch
Patrick Frater Asia Bureau Chief Further media industry upheaval is on the cards, as the world exits from COVID and heads towards possible recession, warned financier and media advisor Joe Ravitch. “A lot of trends are now being reversed,” said Ravitch, partner and co-founder of Raine group. He was speaking at the APOS conference in Singapore, where U.S.-based Raine has recently opened a local office. Where the pandemic kept people indoors and online, since the loosening of health restrictions theatrical cinema, theme parks, concerts, gyms and in-person sport and music events have rebounded. People’s online behavior has also been altered.