As television becomes more profitable, more individual people want to join the industry. Since the production of the television industry almost every mass media outlet has included it as a major part of their company. Whether it’s function is to provide the public with information about current events or for entertainment for the public. Either way the introduction of the television industry has brought in the money. But it has also provided the community with plenty of economic opportunities though out the industry. Even if its from acting, producing, directing, writing or even holding the lights for the scene, television production has introduced many people to economic opportunities. These opportunities are originate from societies diversion in television. The Oxford Index, explains diversion as a basic human need for some form of media.
As television becomes more relevant in day to day lives, broadcasting companies became increasingly engulfed by the industry. With the interest of the media outlets, jobs were needed to be filled to be able to produce the television industry. Many of the economic opportunities produced through the television industry are in the entertainment genre of the industry. The entertainment genre of television includes a vast amount of jobs for the public to presume providing economic benefits. Entertainment such as movies and videos create a huge economic surplus because of the amount of jobs they produce and also how they pay because of the influence of television in the american household. According to the Bureau of Labor Statistics, producers and directors make a mean annual wage of 90,770$.
With the growth of the television industry, the growth of economic opportunities increases as well. Thats because many television companies are taking their revenues and investing back into the production of television. The New York Times insists that companies like Netflix are spending money to produce more content to build the industry through subscriptions. This presents artists or producers a great amount of economic opportunity as a great deal of titles are released through Netflix through out the entire year. Overall, the television production industry has substantially increased while also providing anyone the opportunity to rake in the benefits.
Media and the Economy 