by REINA ARISTA
The entertainment industry is comprised of several different categories ranging from music, exhibition, mass media, live, and electronic industry. These industries produce and distribute motion pictures, television programs, commercials, music recordings, radio, and gaming.
The music media and entertainment market contain a third of the global industry, and is estimated to reach $546 billion in 2017.
The U.S film industry posted an estimated $31 billion in 2013. Many of the leading motion picture studios are part of large media conglomerates that include television, newspaper, cable and magazine segments. U.S exports of film and entertainment industry media often attain shares in the international market in excess of 90% due to high global interest in the U.S filmed entertainment. The U.S film market has a large amount of writers, producers, actors, directors and technical experts and is home to several film crews, post production films, and backdrops.
The U.S music industry is the largest global music market approximately bringing in $15.1 in 2013, competing with strong competitors from European and Asian markets.