Packed with actors, musicians, sports personalities and other celebrities, the entertainment industry attracts a lot of attention from the general public as well as the media. Also known as the 'Show Biz' or 'Show Business, this industry has a number of smaller industries within it, that make it all the more colorful. Music, movies, television, theatre, radio, comedy, dance, toys, gaming, sports, arts and gambling are all examples of entertaining activities. Here are some of interesting facts that you should know about the entertainment industry. Apparently, USA, Japan and Germany have the largest media markets in the world. In the United States alone, people spend an average of 120 billion hours and $150 billion on entertainment every year.Despite the recession, people had spent 10% more on entertainment (mobile TV subscriptions, wireless video games, video on demand services etc) and 6% less on other things during 2008-2009.The global entertainment industry, which was worth $1.3 trillion in 2009, is expected to increase to $1.7 trillion in 2014. The international video gaming market is also expected to increase to $87 billion by the year 2014.The famous "Hollywood" sign in the district of Los Angeles is more than 80 years old, and was originally built as an advertisement.30% of the traffic on the internet today is for videos.On Youtube, 35 hours of video material is being uploaded every minute, with millions of people watching it everyday.Whether it is movie, music, videos, gaming or books, entertainment plays a significant role in our everyday lives. And as the numbers seem to say, the entertainment industry can only be expected to get bigger and bigger, offer better options, in the future. |
