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"A 50% drop does not necessarily mean an industry collapse," the official said.
For many, like Ms. Tsui, industry collapse and job loss were not the end of the party.
"We're clearly transitioning into a growth mode after going through a horrific recession and industry collapse," Mr. Mulally said in an interview on Monday.
No form of music has suffered more from the industry collapse than hip-hop, a restless, technologically savvy genre wedded to a stubbornly old-fashioned business model.
"The contempt for the U.A.W. was so deep that some of them were willing to let the industry collapse in the hopes they could destroy us," he said.
The United States let the Texas banking industry collapse, with out-of-state banks picking up the pieces as the national deposit insurance fund suffered substantial losses.
Similar(39)
The whole industry collapsed.
Our industry collapsed".
The local industry collapsed after reunification.
The industry collapsed in 2008 when credit markets tightened significantly.
During the recently-ended civil war, Nepal's Himalayan tourism industry collapsed.
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