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Top 10+ Profitable Entertainment Business Ideas and Opportunities
Do you want to know how to start an entertainment business? "All work and no play, makes Jack a dull boy," is a popular axiom that stresses the need for individuals to find a balance between the rigors of work and every day toil and creating time to unwind and ease tension.
Entertainment, in its many varied forms, has always played a pivotal role in rest and relaxation. Whether it is watching TV programs to attending comedy shows or viewing films at the cinema, entertainment serves as the vehicle through which mankind dissipates pent-up energy.
At present, the Entertainment industry comprises the music industry, the movie sector as well as support services. Entertainment has become a multi-billion dollar industry with notable entertainment national clusters such as Hollywood in America, commanding hundreds of billions in annual revenues and taxes to the Government.
For the savvy investor looking to make handsome returns on investment, the following entertainment company ideas can be pursued and developed:
While it is true that not everyone is blessed with a sonorous voice, those who can serve up sweet vocal renditions can earn good money and form small businesses around this talent. Examples of such incidents include singers such as Tuface Idibia, Whizkid, Beyonce, Rihanna to mention but a few. This is one of the easiest family, children or kids entertainment businesses to start.
Music producers provide the structure and framework for the appreciation, promotion and propagation of the talents and gifts of the musical artiste. In other words, the music producer fashions out a concept/theme for a song, evolve beats for the music as well as study market trends and demands. This digital business investment comes with huge financial returns, especially when the artistes being managed are talented.
Song writing can also be a lucrative music entertainment business opportunity, especially when the song writer churns out collections that have produced famous singers. All that will be required will be ensuring that the song writer's work is utilized successful by a singer, such that more recommendations and engagements follow.
Running a Recording Studio
A rise in the number of musicians will concurrently raise the demand for places where music can be produced. Establishing a recording studio that adheres to acceptable global standards in quality of sound and acoustic properties. If the entertainment business manager can operate the equipment or get someone who can, then he can gradually make good funds
A good number of performing acts are more inclined to concentrating on their singing, whilst leaving record deals, sponsorship packages to a manager. This business entertainment idea is suitable for individuals who are coordinated, have topnotch negotiation and marketing skills and can put up a professional outlook for the musician. Management fees and commissions can be discussed and agreed upon.
Music Promotion and Marketing
This show business entertainment idea entails the creation of an extensive distribution network, which offers premium returns for the copyrights of the singer. Usually, the music promoter must ensure that mechanisms are in place to stifle copyrights infringement. A standard practice is for the music promoter to pay upfront for the rights to a song and then reap returns with its marketing and distribution.
Organizing music reality shows
Music reality shows are an entertainment trigger, which has the potential to pull millions in viewing numbers, especially where talents abound. This opportunity entails extensive marketing, in bringing corporate sponsorship deals. The returns can be worth the time effort. Shows like the X-factor, American Idol readily come to mind.
Operating a Music school/Academy
With the entrepreneurship opportunities in entertainment that come with singing, increasing numbers of people are disposed to wanting to learn the rudiments of singing/song writing. This business of entertainment media and technology will sit well on individuals who are organized, have people management skills, may or may not have a flair for teaching music. The academy can serve as the launch pad for future stars, while earning handsome returns in the process. Playing musical Instruments Singers need band members and talented ones at that. If you have a flair for playing any number of musical instruments, with a good ear for the sound and rhythm of notes, then this the business of entertainment could serve as a good platform in earning extra income and ultimately being a main source of one's livelihood.
The movie entertainment industry around the world, churns out chart topping films yearly. There is therefore a need for script writers to produce compelling and engaging story lines for audiences. If you have a flair for being imaginative and creative, as well have a good command of written English, and then you could set-up a script writing business, which services big and small movie studios and entertainment firms.
Video Editing Services
The end of shooting movie scenes and episodes warrants that such clips are edited, in order to delete errors and unwanted parts of the movie. If you have the drive and determination, as well as the right work tools such as a laptop and video editing software and the know- how, one could easily be servicing movie productions for a reasonable fee.
The movie industry is such a vast one, employing a diverse range of professionals and experts. One of such workers is the Make-up Artist, saddled with the responsibility of giving flesh to the physical appearances of actors and actresses, in order to give their acting the important trait of being believable.
This is one of the best business in entertainment industry that can be implemented by anyone who can creatively put together make-up styles and themes, at a good price. I hope you have been able to learn how to get into the entertainment business?