Entertainment Industry and Venue Management: Funding & Technology

This report delves into the entertainment industry and venue management, focusing on current trends and their implications. It explores the UK entertainment market, highlighting the industry's contribution to economic development and the various activities it encompasses. The report examines the impact of funding arrangements, both current and future, on the industry's growth and development, including purpose-built and multi-purpose facilities. Furthermore, it analyzes the influence of technological advancements on operational and management approaches, considering both positive and negative effects. The report includes references to relevant research, providing a comprehensive overview of the subject matter.

The Entertainment Industry and Venue
Management
(Task- 4)

Cover content
• Introduction
• Current trends in the entertainment and venue industries.
• Effect of current funding arrangements in entertainment industry and
future potential developments.
• Impact of technological changes in the management and operation.
• References

Introduction
Entertainment industry and media practices numerous activities in
UK to address several challenges and opportunities through digital
platform. Thus, presentation is going to cover contribution of the
entertainment industry to the economy development procedure and
types of activities offered by the entertainment industry.

Current trends in entertainment
industries
In UK, entrainment industry provides their effective contribution in
economy development activities. This sector adopts several
changes on the basis of current trends in order to provide
opportunities to several individuals.

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Accodring to this graphical
repressentation, UK market
for musical industry is seems
as one of the most largest
market in worldwide.

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Current possibility of entrainment
sector in UK is-
Employment generation
Career development
Economy development
Bidding for international events

Effects of current funding
arrangements
Entertainment industry is the fastest growing sector of UK after
travel and tourism. For the development of these sectors,
government of UK take a initiative to provide funds and support of
future development approaches. The effect of current funding
procedure is on economy as well as industry development
procedure. Through this, entrainment industry can make several
arrangements to conducting new programs in different areas.

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The effects of current funding
on future trends are -
•Purpose built
•Multi-purpose facilities
•Partnership funding

Impact of technological
changes
Entertainment industry has been undergoing improbable changes
from the last few decades. Main reason behind these alterations are
the advancement of technology which has major impact on
operational as well as management approaches of firm. Major
entrainment organisations as Amazon, Apple Netflix made drastic
changes in their business procedure after adopting new and
advance technologies

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These technological services has
positive as well as negative
impact on entertainment sector as
•Positive effects
•Negative effects

References
Urada, L.A and et. al., 2016. Socio‐structural and behavioral risk
factors associated with trafficked history of female bar/spa
entertainers in the sex trade in the Philippines. International
Journal of Gynecology & Obstetrics. 132(1). pp.55-59.
Miller, P and et. al., 2016. Patron banning in the nightlife
entertainment districts: a key informant perspective. Journal
of studies on alcohol and drugs. 77(4). pp.606-611.

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