A horrendous day on Wall Street did not spare entertainment and media stocks, as all 50 of the companies tracked by The Hollywood Reporter saw their shares fall precipitously on Wednesday. That THR’s entire index of stocks would fall in-sync on a single day is a rarity that has happened only a few times in the past two decades, most notably a few times when the internet bubble burst at the turn of the century and the Nasdaq lost half its value in two years.
Source: Media and Entertainment Stocks Beaten Up Badly With Rest of Market