Overview
The 8,700 performing arts groups in the US produce live presentations by a variety of artists, including actors, singers, dancers, and musical groups. The industry includes theater companies and dinner theaters; dance companies; musical groups and artists; and other types of performing arts groups. Major revenue sources include admission fees; contracts for performances; contributions, gifts, and grants; and investment income.
Competition From Alternative Entertainment
Performing arts groups compete with a variety of alternative forms of entertainment, including movies, television, sporting events, and digital media.
Maintaining Attendance
While the US is home to some of the highest quality performing arts groups in the world, many categories face dwindling attendance and struggle to remain relevant.
Industry Financial Benchmarks
Here are typical financial statements for performing arts groups.
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