Impact of Entertainment Industry on UK Economy

The assignment provided delves into the importance of the entertainment industry in the United Kingdom's economy. It highlights the role of venue management in organizing events and performances, which are essential to the country's economic growth. The industry encompasses a wide range of aspects, including music, cinemas, dramas, and reality shows. With its complex working dynamics, the assignment provides insights into the various factors contributing to the success of the entertainment industry in the UK. It concludes that there is a long journey ahead for this industry to continue making significant contributions to the country's economy.

The Entertainment
Industry And Venue
Management

INTRODUCTION
In modern era, entertainment is an activity which is designed to provide relaxation and
pleasure to people (Bennett, Seamans and Zhu, 2015). An audience may participate in the
entertainment passively as in watching opera or a movie, or actively as in games. It is including
play of sports and reading of literature are usually included in entertainment and the industry
related to different entertainment industry. Venue management is part of entertainment and
manager responsible for attracting to people to organise event n their particular places. To
understand of the report taken south bank centre which is classic example of brutal 60's concrete
architecture. In the particular place provide local and national safety as per the demand of rules
and regulation. In the particular report consist of contribution of the entertainment industry to the
economy and types of activities which is offered by the entertainment industry. Apart from
analysing of management and operation of different types of venues and trends in the
entertainment industries.
TASK 1
1.1 The contribution of the entrainment industry to the economy and the development and
distribution of different activities
Entertainment industry can play essential role in the UK economy because it is the way
of generate income for UK government. The effort of the industry indicate as broader way which
is inventive business to the UK economy passed the £100 billion identify in 2017. In fact, the
gross value add of the creative sector was £101.5 billion. When calculate this annual GVA figure
that time DDMCS combines the economic impact of the music, film, TV, radio, museum,
advertising, gallery sectors and photography that are related to digital disciplines that way related
to creative. To play important role there are nee to boosted GVA from £94.8 billion in 2016 to
the £101.5 billion figures. It can consist of British gaming firms like Rocksteady studios and
Rock star games which is playing very well (Hubbard, P., 2015).
The UK economy has been set to maintain their healthy growth levels in the year of
2022. They are producing new report where show amount to grow of entertainment industry by
£76 billion. Through a year of crinkly growth of economic was highly successful in the year of
2014 which is related to UK's creative industries. A recent UK government bring out the report
regarding the industries are now growth with £76.9 billion a year to the UK economy. In 2013,

identify that market has been increased after added gross value approx 9.9% and they are
forecasted grow annually about 3.1% in the entertainment industry in UK until at least 2018. it
can provide confidence to investor regarding to further industries (Chen and et.al., 2012) .

South bank centre are registered as national arts organisation and as a charity, the UK
government has been received about 40% funding from arts council England. The remaining
amount of income comes from ticket sales. There are coming visitors about 4451934 from
different countries and provide help to UK government for generate income. These income used
by government for develop countries in effective manner and provide services to UK citizen
(Gee, 2013) .

There are different venues that are help to UK economy to earn much more income they
are -
Venue Earnings
South Bank centre 588.4 billion
Barbican Centre 414 billion
Royal opera house 329 billion
The O2 Arena 421.9 billion
Wembley Stadium 355 billion
Theatre Royal Drury lane 424 billion
The O2 Academy Brixton 219 billion
Shakespeare's globe theatre 215 billion

1.2 Determination impact of local, regional and national funding agencies RELIABLE AND
REPUTABLE: please the information is unappropriated
There are comparing of local, regional and national funding agencies in the reference of
UK economy and it can influence of the entertainment and venue industry. United kingdom is
considering in the world that has been known to be promoting the business that the market does
and it is not just the promotion. The entertainment and venue business will be promoted by UK
government in order to generator more income and extend to entertainment diligence. It can
provide benefit to investors because they are investing their amount in and earn much more
profit. It can help to expected country economy because it can attract to more customers to arrive
here (Dewhurst and et.al., 2014). A major source of funding in the entertainment industry
recognise of different companies and brands that has already there. To promote their product
they can conduct many functions and rewards which can help to continue go in entertainment
industry.
In local funding agencies as a financial institution that serves as a vehicle for local
government. These types of agencies provide fund to local citizen who can present any drama
and short film. While Regional funding agencies can support to those projects and programmes
that would be related to private sector investment to develop economical development and
permanent employment. In national funding agencies, who are proving fund to different
countries in the reference to prepare movie and organise event on big level.
The contribution of the government has been numerous in the development of the
exhibition centres of UK. Different agencies can provided fund to those people who can prepare
films, organise dramas on big level. It can influence to economy because mostly countries take
fund from other countries and they are shoot movie in other countries so they are paying amount
for this. So it will help to earn currencies of other countries and develop to countries in effective
way.
TASK 2
2.1 range of activities in entertainment and venue industry
Entertainment Industry – It is related to other sub industries which is dedicated to
diversion and used for define the mass media companies to activity the arrangement and
manufacturer of mass media entertainment. It is mainly known as present biz and present

business. In the industry include various activities which is including in particular range like
movie, music, drama, events, magic show and circus.
Venue Management - It is the management that related to venue, a manager can prepare
effective strategy and show venue in effective way so people can attract to show this. There are
providing specific facilities that are attract to organise events here and apply all rules and
regulating regarding to safety manner. They may choose specify areas of sports marketing, music
and club promotions or live entertainment marketing (Duran, Swann and Yakıcı, 2012).
2.2 Dividing activities of entertainment in the reference of audience profiles and venues
The entertainment industry can include cinemas, radio, news, music TV shows, magazine
and books. It can attract to foreign investments regarding to entertainment industry so as a result
increase related industry like travel & tourism industry and the hotel industry (Gailey and
Young, 2012). The entertainment industry can provide Entertainment as well as venue
management provide various opportunity by providing multi purpose facility in various events
such as debate, dance performance, workshops, art exhibition, fashion shows and so on. Thus, it
fulfil the expectation of people through organise the event and managing it on the basis of theme
for which it has been organised. Moreover, there as a huge scope in entertainment as well as
venue management industry as with the change in trend and emerging needs, people like to
celebrate each and every event. Thus, it is essential for event organiser of south bank to
understand carefully the purpose or interest of people and accordingly it should be management.
Further, it increase the profitability as well as productivity of overall industry by satisfying the
need and demand of customer effectively. The south bank define as the medium of entertainment
industry which have luxury and style in entertainment at each point.
TASK 3
3.1 Analyse of management and operational strategies for chosen destination
Management and operations are important part which is execute particular task in
systematic way and address all the issues to pretend the transformation process for convert few
inputs into output that are useful and could fetch revenue to the entertainment industry. There are
selected revenues are South Bank centre, Barbican Centre, Royal opera house and The C2 Arena,
for their prepare effective strategies to generate revenues from different sources. The company

has organised operations like box office influences – status for profit and nor profit, direction
such as programming.
South bank is the most frequently place to visit as destination in the United Kingdom
along with C2 Arena. Both places is far different that and they are organised and prepared to
handle a large crowd on routine basis and they will make sure about the object of the display.
These places belongs to entertainment industry and they are providing big market for the
travellers.
3.2 Evaluate different areas of work and responsibilities for selected venues, commenting on
current practices, deployment of staff to ensure a smooth and effective organisation
There are recognised various areas of work and responsibilities in the references of
selected venues and with the help of strategies deployment of staff foe effective organisation. To
employees of the south bank provide training regarding to their development and improve their
skills. The employer of the company trained to employees to make deal with in specific field
regarding to their responsibility. Audience and performance needs health and safety, technical
production staff, promotion. Merchandise and point of sale. Media, relations employment in the
reference of supervisory and managerial levels in particular sector where staffing or work.
Deployment of staff to assure about to smooth and effective organization and maintain catering
and bars for attract to customers (Foster, O'Reilly and Dávila, 2016) .
The staff of south bank is punctual for timing and proving all appropriate services which
has been depended on customer demand. They will assure about the they have some thing new
and unique.
TASK 4
(Covered in ppt)
CONCLUSION
As per the above report it has been concise that entertainment industry broad industry in
present time every one related to this. Venue management is also important because it provides
venues to organiser for perform dramas and event on big level. Both are important part in UK
economy because they are playing essential role in the economy. These are affected many
variances and select venues which is famous regarding to events. These are already book in
advance and to rich people can organise their event here. Entertainment industry include various

range like music, cinemas, dramas and reality shows. The working of the entertainment industry
is tough and in other sector it is not easy for any person to understand all of it in one go out. In
the assignment include various aspects which can play important role in the success that is
achieved by the country of United Kingdom in the eyes of the world. In the end it is saying that
long journey ahead for the entertainment industry.

REFERENCES
Books and Journals
Bennett, V. M., Seamans, R. and Zhu, F., 2015. Cannibalization and option value effects of
secondary markets: Evidence from the US concert industry. Strategic Management
Journal. 36(11). pp.1599-1614.
Chen, Y., and et.al., 2012. Delineating interpersonal communication networks: a study of the
diffusion of an intervention among female entertainment workers in Shanghai,
China. AIDS and Behavior. 16(7). pp.2004-2014.
Dewhurst, and et.al., 2014. Visitor attraction management. Entertainment Management:
Towards Best Practice, p.272.
Duran, S., Swann, J. L. and Yakıcı, E., 2012. Dynamic switching times from season to single
tickets in sports and entertainment. Optimization Letters. 6(6). pp.1185-1206.
Foster, G., O'Reilly, N. and Dávila, A., 2016. Sports business management: Decision making
around the globe. Routledge.
Gailey, E. D. and Young, J. A., 2012. An examination of marketing channel conflict and
cooperation in the motorsports industry. Journal of Marketing Channels. 19(3). pp.212-
228.
Gee, S., 2013. The culture of alcohol sponsorship during the 2011 Rugby World Cup: an (auto)
ethnographic and (con) textual analysis. Sport in Society. 16(7). pp.912-930.
Hubbard, P., 2015. Law, sex and the city: Regulating sexual entertainment venues in England
and Wales. International Journal of Law in the Built Environment. 7(1). pp.5-20.
Stotlar, D. K. and Cooper, C. G., 2014. Sport facility and event management. Contemporary
sport management. Champaign, IL: Human Kinetics, pp.385-405.
Online
Contribution of music industry. 2019. [Online]. Available through:
<https://www.musicbusinessworldwide.com/uk-record-industry-enjoys-109m-annual-growth-
but-album-sales-tanked-in-2018/>