Many of the leading motion picture studios are part of larger media conglomerates that often include television, video and streaming services, music services, newspaper, cable and magazine segments. The industry offers attractive possibilities for international companies, both large and small, and provides film production tax incentives. With the shift toward digital production and distribution, foreign firms are continually seeking out U.
Music The U. Collectively, it is the largest global music market. Aside from contracting physical music sales, all segments of recorded music are up, including digital, streaming, and sync licensing. Many companies in the industry have diversified, signing sync deals with vertical businesses for TV ads, in-flight entertainment, satellite radio, restaurants, touring, live entertainment, and merchandise. Digital technologies have revolutionized the music industry by creating high quality, low-cost recording technologies and digital distribution, along with the proliferation of devices to download and listen to music.
Streaming services will continue to grow and offer more personalized services for consumers. However, competition from giants such as Amazon Prime, Apple TV, YouTube and Disney, along with apps and services from the likes of Roku, Discover, and many others, have created uncertainly regarding who will emerge as leaders in the long run.
Deloitte anticipates that mergers and acquisitions and perhaps several business failures will continue to reshape this sector in the years ahead. These are:. David Sarokin is a well-known Internet specialist with publications in a wide variety of business topics, from the best uses of information technology to the steps for incorporating your business.
He is the author of The Corporation, Its History and Future Cambridge Scholars, on the role of big business in the modern world, and Missed Information MIT Press, , detailing how our social systems like health care, finance and government can be improved with better quality information.
By David Sarokin Updated October 20, Offer expires December 31, Browse Titles. What is Entertainment Industry 1. Industry that includes leisure and entertainment activities. A subject including all kind of business which provides entertainment. The sector that includes cinema, video games, television, music, etc. The set of enterprises or businesses that produce entities such as films and video or computer games and events such as theatre performances and award shows that give individuals the opportunity to feel an emotion or emotions.
Find more terms and definitions using our Dictionary Search. Entertainment Industry appears in:. Handbook of Research on the Impact of Culture Search inside this book for more research materials. Recommend to a Librarian Recommend to a Colleague.
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