Show business


Show business, sometimes shortened to show biz or showbiz, is a vernacular term for all aspects of the entertainment industry. From the business side, the term applies to the creative element and was in common usage throughout the 20th century, though the first known use in print dates from 1850. At that time and for several decades, it typically included an initial the. By the latter part of the century, it had acquired a slightly arcane quality associated with the era of variety, but the term is still in active use. In modern entertainment industry, it is also associated with the fashion industry and acquiring intellectual property rights from the invested research in the entertainment business.

Industry

The global media and entertainment was worth $1.72 trillion in 2015, $1.9 trillion in 2016, with extrapolations ranging to $2.14 trillion by 2020. About one third of the total is made up by the U.S. entertainment industry, the largest M&E in the world.

Sectors and companies

The entertainment sector can be split up into the following subsectors:
The industry segment is covered by class "R" of the International Standard Industrial Classification: "Arts, entertainment and recreation".