Overview of Entertainment Business
Entertainment businesses provide entertainment, including producing and distributing movies, TV, music, games, event planning, ticket sales, venue management.
Opportunities and Growth in the Entertainment Industry
The U.S. Media and Entertainment market is over $700 billion and is the fastest-growing industry this decade. Various platforms like apps, online platforms, film, and TV are popular forms.
Starting an Entertainment Business
Steps to start a business: plan properly, register, be legally compliant. A clear plan is essential for success as an entrepreneur.
Providing live entertainment services makes up part of the entertainment business. Services include bands, magicians, comedians, jugglers for events from birthday parties to company retreats.
VAT on business entertainment for UK contacts who are not customers can’t be recovered.
The government guarantees SBA lenders to cover costs if an entertainment industry borrower defaults to increase small business loan approvals.