Despite these constructive developments, legacy institutions, middlemen, companies and faceless, billion-dollar tech companies have siphoned all the worth created by the internet revolution in entertainment back into revenue-churning monopolies. The American movie trade generated $43.four billion in revenue last yr, and wages accounted for 18% of that figure.

In the popular parlance, the time period present biz particularly connotes the commercially in style performing arts, especially musical theatre, vaudeville, comedy, movie, fun and music. It applies to each side of leisure including cinema, tv, radio, theatre and music. In terms of commerce, the media and leisure trade contributes significantly to the U.S. economic system. The film and tv industry alone contribute more than $forty one billion annually to the economic system and supply practically 2 million people with employment. The U.S. radio broadcasting and programming business, which includes radio networks and stations, consists of about 3,348 corporations that gross an … Read More