If you've ever binged an entire series in a day, purchased front row seats to watch your favorite team beat their opponents, or sang your heart out at a music festival, you're one of the millions of people who've made the entertainment industry the powerhouse that it is today.
As technology continues to advance and the internet can be accessed from virtually anywhere at any time, this dynamic industry isn't slowing down any time soon.
The entertainment industry’s origins can be traced back to the early 1800s, a time when theater was the star of the show and actors traveled from town to town to showcase their craft.
Today, the media and entertainment industry is a $2 trillion sect globally, with the U.S. making up a third of the entire industry. The medium encompasses everything from newspapers to magazines, TV, radio and other popular forms of entertainment such as books, film, music, and social media.
And with the invention of the internet and advances in technology, people have more ways than ever before to interact with their favorite forms of entertainment.
In 2021, the Motion Picture Association (MPA) released their annual THEME report which included the following stats:
With the growth of digital technologies and the internet, content can now be consumed in greater capacities via a variety of platforms. Though traditional TV viewership has declined, streaming services such as Netflix, Hulu, and Disney+ have quickly grown to become the most popular ways entertainment is consumed.
The top streaming services by subscribers in 2022:
In total, 250 million Americans are paying for subscriptions of these services, with the average household subscribing to an average of 3.1 streaming services.
With their rise in popularity, it’s no surprise that scammers have found ways to use streaming services to steal login information and other personal data while posing as a streaming service provider.
While these services often do send email correspondence, you should always take precaution before replying or interacting with any messages that seem suspicious.
Here are some ways to protect yourself from streaming service scams:
Globally, the online gaming industry is expected grow from $73.42 billion in 2021 to $81.08 billion this year. This is likely due to the easy accessibility of the internet and the adoption of smartphones, with mobile users accounting for about 80% of all users in the online gambling industry.
It’s projected that there will be more than 150 million monthly mobile gamers in the U.S. this year, with mobile gaming being particularly popular among younger individuals including children and teens.
According to Sensor Tower’s December 2021 data, annual mobile game app store revenues increased to $37.3 billion and $52.3 billion on Android and iOS, respectively. With the internet at our fingertips daily, it’s important to understand the dangers of online gaming in order to protect children and younger adults.
There are a few things you can do to help keep your children and teens safe online. This includes:
It’s also a good idea to keep an eye on your credit card statements since children can sometimes mistakenly make purchases online or can be tricked by scammers trying to get money from them.
Another major contributor to the entertainment industry are events which includes music concerts, festivals, sports, exhibitions, conferences, and corporate events and seminars. In the U.S., the events industry made $255.31 billion in 2021.
Though the ongoing global pandemic, which began in the U.S. in 2020, halted large gatherings and disrupted the music industry, concerts and events have come back stronger than ever.
As patrons return to music venues, large-scale conferences, and shell out the big bucks to see their favorite sports teams, it’s important to be aware of the scams that are out there surrounding ticket purchases.
Fake ticket scams have been around for years, but scammers are getting more and more advanced when it comes to tricking potential victims.
Though it can be hard to tell whether online tickets are legitimate or fake before you buy them, there are a few telltale signs to be on the lookout for when shopping around.
Red flags of fake tickets include:
There are also few ways to add an extra layer of protection when purchasing tickets. This includes:
If you believe you’re the victim of an entertainment scam, you have some options. The best thing to do is report the incident to a few different parties. To do so, you can report it to:
You may also want to alert your credit card company in case they have fraud protections in place. Let them know what happened and have any evidence of the transaction available for their records. They may be able to get you your money back.
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