Companies Started During Recession
By siliconindia
MTV
MTV was founded in 1981, during the 1980-82 recession. The launch saw a footage of the launch countdown of the space shuttle Columbia and Apollo 11, and photos of Apollo 11 landing on the moon with a flag featuring MTV’s logo. Within months of its launch, MTV started selling music which was not played by the local radio stations to record shops. MTV was launched with the concept of playing music 24X7 with a tagline "You will never look at music the same way again.” MTV was acquired by Viacom in 1985 and has now become one of the biggest pop culture influences throughout the world.