Which industry has a larger economic impact in the u. S. -sports or entertainment?.

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19-09-2022
Business

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Which industry has a larger economic impact in the u. S. -sports or entertainment?.

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Qwline Qwline · Answer 1 · 2022-09-22T03:18:25-04:00

The entertainment industry has a larger economic impact on the US

The combined economic impact of media and entertainment in 2020 was staggering: $2 trillion globally and $500 billion in the United States, the world's largest entertainment market. The Technology Association of Georgia identified 713 media and entertainment businesses in Georgia that employ 40,000 people and bring in $14.7 billion in yearly sales. The cinema, television, music, and video game industries have made Georgia into a global centre, and these industries collectively generated $6.6 billion in income. Despite experiencing a downturn during the beginning of the epidemic, many media and entertainment firms have a bright future. Through 2024, the entertainment sector is anticipated to grow at a 6% annual rate.

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