Show business, sometimes shortened to show biz or showbiz (since c. 1945), is a vernacular term for all aspects of the entertainment industry. From the business side (including managers, agents, producers, and distributors), the term applies to the creative element (including artists, performers, writers, musicians, and technicians) 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 the initial definite article the. By the latter part of the century, it had acquired a slightly arcane quality associated with the era of variety, but the term was still in active use. In modern entertainment industry, it is also associated with the fashion industry (creating trend and fashion) and acquiring intellectual property rights from the invested research in the entertainment business.
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Industry
The global media and entertainment (M&E) market, including film, television shows and advertising, streaming media, music, broadcasting, radio, book publishing, video games, and ancillary services and products was worth US$1.72 trillion in 2015, $1.9 trillion in 2016, and estimated at $2.14 trillion in 2020. About one third of the total ($735 billion in 2017) is made up by the U.S. entertainment industry, the largest M&E market in the world.
Sectors and companies
The entertainment sector can be split up into the following subsectors:
Amusement parks
Animation
Broadcasting
Circus
Event management
Film
Gambling
Game manufacturers
Home video and its distributors
Literature
Media
Music
Politics
Publishing
Sex industry
Sports
Talent agency
Television show
Theatre production
Sports entertainment
ISIC
The industry segment is covered by class "R" of the International Standard Industrial Classification: "Arts, entertainment and recreation".