Ntect | Industry profile

Performing arts, spectator sports, museums, and related activities
Industry profile, February 2020

Sections: Description | Pricing | Costs | Demand | Appendix

This page is an industry profile for the Performing arts, spectator sports, museums, and related activities industry. It provides a general economic overview of recent developments in the industry. This includes information on industry pricing, costs, and demand. Below you will find a description of what type of business establishments are included in this industry. For information on how to best utilize this industry profile please visit our Business Solutions.

Industry Description

Industries in the Performing Arts, Spectator Sports, and Related Industries subsector group establishments that produce or organize and promote live presentations involving the performances of actors and actresses, singers, dancers, musical groups and artists, athletes, and other entertainers, including independent (i.e., freelance) entertainers and the establishments that manage their careers. The classification recognizes four basic processes: (1) producing (i.e., presenting) events; (2) organizing, managing, and/or promoting events; (3) managing and representing entertainers; and (4) providing the artistic, creative and technical skills necessary to the production of these live events. Also, this subsector contains four industries for performing arts companies. Each is defined on the basis of the particular skills of the entertainers involved in the presentations.

This industry description was sourced from the North American Industry Classification System.

Industry Pricing

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As of January 2020, prices in this industry had increased 0.5 percent since the previous quarter.
From January 2019 to January 2020 prices in this industry increased 2.8 percent.
Prices increased 10.5 percent in the five year period starting in January 2015 and ending in January 2020.

+0.5%
From the previous quarter ¹

+2.8%
From the previous year ¹

+10.5%
From five years ago ¹

Industry Costs

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As of January 2020, costs in this industry had 0 percent since the previous quarter.
From January 2019 to January 2020 costs in this industry increased 1.7 percent.
Costs increased 10.9 percent in the five year period starting in January 2015 and ending in January 2020.

0%
From the previous quarter ³

+1.7%
From the previous year ³

+10.9%
From five years ago ³

For details on which industries are included in each sector, click here

The largest cost for this industry is purchases made to the Labor sector. This sector accounts for 48.6% of the industry's overall costs.
From January 2019 to January 2020, the largest change in costs for this industry were costs associated with purchases to the Arts, Entertainment, and Recreation sector. Costs associated with this sector increased 2.7%.

**Major Industry Costs by Sector**
Sector Name	Percentage of Costs	Annual Percent Change ⁴
Labor	48.6%	+2.2%
Arts, Entertainment, and Recreation	17.3%	+2.7%
Real Estate and Rental and Leasing	9.6%	+1.4%
Professional, Scientific, and Technical Services	5.1%	-0.9%
Administrative and Support and Waste Management and Remediation Services	3.8%	-0.9%

Industry Demand

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As of July 2019, demand for this industry had increased 1 percent since the previous quarter.
From July 2018 to January 2020 costs in this industry increased 3.5 percent.
Costs increased 17.2 percent in the five year period starting in July 2014 and ending in July 2019.

+1%
From the previous quarter ⁴

+3.5%
From the previous year ⁴

+17.2%
From five years ago ⁴