The U.S. Media And Entertainment Industry Is Comprised

1157 Words5 Pages
The U.S. media and entertainment industry is comprised of businesses that produce and distribute motion pictures, television programs and commercials along with streaming content, music and audio recordings, broadcast, radio, book publishing, and video games. The U.S. Music and entertainment market, which represents a third of the global industry, and is the largest music and entertainment market globally. The market is expected to reach $771 billion by 2019, up from $632 billion in 2015, according to the 2014 - 2019 Entertainment & Media Outlook by PriceWaterhouseCoopers. This is limited to the film and music, video game and sectors which represent American culture, much of which is created in the USA, as well as global trends that…show more content…
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, and much of this constitutes online content. The U.S. filmed entertainment sector had a trade surplus of $16.3 billion in 2014 . The industry offers attractive possibilities for foreign investors, both large and small, and provides film production tax incentives. Across all sectors, there are opportunities for investments and growth both in joint partnerships, production and tax discounts in many U.S. States, and the creation of TV formats and content for streaming. With the shift toward digital production and distribution, foreign firms are seeking out U.S. digital and animation expertise and experience for new formats. Drawing on strengths, the U.S. film industry has a proven ability to produce blockbuster movies that generate hundreds of millions of dollars, including revenues from distribution across strong domestic and international networks. Success in the industry is based on creativity and financing, and this type of industry is largely self-regulated. The U.S. market has a large talent of writers, actors, producers, directors and technical experts, and is home to a variety of film crews, post-production firms, backdrops and infrastructure to support production. U.S. filmmakers also
Open Document