The Economics of Entertainment \"The entertainment industry is one of the larges

Question

The Economics of Entertainment

"The entertainment industry is one of the largest sectors of the U.S. economy and is in fact becoming one of most prominent globally as well, in movies, music, television programming, advertising, broadcasting, cable, casino gambling and wagering, publishing performing arts, sports, theme parks, and toys and games."

-Harold L Vogel Entertainment Industry Economics: A Guide for Financial Analysis

  Post #1, examine the entertainment industry

Select a media sector listed above and research the topic. Research can be any aspect of this media as it related to economics or the economy. Your research can be about the industry in general or a specific.  

For example,

general - cable networks

specific - Breaking Bad filming location, merchandising, awards, etc.

Explanation / Answer

Theme parks

According to the International Association of Amusement Parks and Attractions, there are more than 400 amusement parks and attractions in the United States. As it is suggested, there are almost 30,000 attractions that include various theme and amusement parks, attractions, water parks, family entertainment centers, zoos, aquariums, science centers, museums, and resorts. They are estimated to have produced an economic revenue of nearly $219 billion in 2011. This, itself indicates the economic impact of this industry. In the same year, theme parks, amusement parks, and water parks generated a total direct economic impact of approximately $55.4 billion

The attractions industry is a leader in creation of non-exportable jobs. The industry directly employs more than 1.3 million and indirectly generates 1 million jobs, creating a total job impact of 2.3 million. Theme and amusement parks provide jobs for more than 600,000 year-round and seasonal employees (100,000 year-round, 500,000 seasonal). In 2014, there were an estimated 300 million visitors to America’s theme parks. That’s a 4% increase over the prior year.

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