Recession reality bites Japan's anime industry
By Morgan Neill
CNN
TOKYO, Japan (CNN) -- Given the magnitude of Japan's recession, it should perhaps come as little surprise that the fantasy-obsessed animation industry has received a hard dose of reality.
Yasuo Yamaguchi, executive director of the Association of Japanese Animators, said the industry has been rocked by the country's deepest recession since World War II.
"The spread of free Internet downloading is having a deadly effect," he said.
Japanese animation is roughly a $2 billion-a-year industry. Revenues peaked in 2006 but have since fallen off, as lower advertising revenues lead to fewer new programs.
Yamaguchi said the animation industry is important to Japan's economy and that the government should be helping it through these tough times with subsidies.
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Recession reality bites Japan's anime industry - CNN.com
-RODION