How can this news article be related to macroeconomics? And what is your economic view on it?

Question

http://online.wsj.com/article/SB121655601895068217.html?mod=2_1168_1

Answer 1

In my view this article focuses on consumer spending and as such is calculated in the consumption component of GDP. However, the film industry is a specific market and consumer spending in this area can be viewed in Microeconomic terms also.

Macroeconomics is a branch of economics that deals with the performance, structure, and behavior of a national or regional economy as a whole. Along with microeconomics, macroeconomics is one of the two most general fields in economics. Macroeconomists study aggregated indicators such as GDP, unemployment rates, and price indices to understand how the whole economy functions. Macroeconomists develop models that explain the relationship between such factors as national income, output, consumption, unemployment, inflation, savings, investment, international trade and international finance. In contrast, microeconomics is primarily focused on the actions of individual agents, such as firms and consumers, and how their behavior determines prices and quantities in specific markets.

Answer 2

In a recession, more people would save and not spend on things unless they were necessary. Here, the movie has made a lot of money despite the slowdown in economic activity.