I've been reading different articles stating that with the economy the way it is, people are spending less on travel and spending more money on movie entertainment.

The summer blockbusters are starting up this month and business analysts are expecting a decent turn-out at the box offices. Star Trek has been a huge hit and I, like many people, are looking forward to the G.I. Joe and Transformers movies.

In this article over at BusinessWeek, Jeffrey Logsdon, an analyst at BMO Capital Markets (BMO), states that the summer's box office could be flat to as much as 5% higher than last year's record-breaking figures.

Regardless of whether or not people will be traveling less and watching more movies this summer, I think it's still worth taking a look at companies like Walt Disney (DIS) as a short-term trade. Although the company has taken a dip in the past year, my gut is saying that the stock price will climb this summer. Although people will be traveling less, theme parks will still be busy.

I'd love to hear your thoughts or experiences about investing in the entertainment industry. Which sector of the industry do you think would be best? Movies? Theme Parks? Online media?

Article of interest: Investing in the Fragmented Entertainment Industry: Is Safe Better Than Sexy?