Industry Size, Structure, and Value Chain
This chapter provides an overview of supply and demand in the performing arts, making extensive use of current and historical government data. We start with demand, reviewing long-term trends in personal spending on all forms of recreation and entertainment and how they are influenced by changes in real disposable income and other variables. We then examine spending on live entertainment and the other spectator amusements, movie theaters and spectator sports, and how live entertainment spending surpassed them both in the past 20 years.
Turning to supply, we identify the economic roles involved in providing live entertainment—performing arts companies most importantly, but also promoters, agents, ...
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