NAICS 711

Performing Arts, Spectator Sports, & Related Industries

NAICS 711 performing arts and spectator sports: NFL media deals, Live Nation antitrust, Broadway economics, and venue trends.

Industry at a Glance

Sector-wide aggregates across all businesses classified under NAICS 711 (2017 classification frame). For specific sub-industries within this sector, see the individual reports below.

Employment
542K
US Census CBP · 2023 · NAICS 2017
Establishments
69K
US Census CBP · 2023 · NAICS 2017
Annual Payroll
$60.7B
US Census CBP · 2023 · NAICS 2017
Avg Annual Wage
$112,036
Derived from US Census CBP · 2023 · NAICS 2017
Market Size
$154.9B
US Census Economic Census · 2022 · NAICS 2017

Industry Overview

Performing arts, spectator sports, and related industries (NAICS 711) covers live theater and concert production, professional and amateur sports teams, promoters, agents, and independent performers. The NFL, NBA, MLB, and NHL collectively generated over $40 billion in revenue in 2023, while Live Nation Entertainment promoted over 44,000 events globally and controls roughly 60% of major U.S. concert venue capacity through its Ticketmaster subsidiary. Broadway grossed $1.58 billion in the 2022-2023 season across 34 productions in New York's Theater District. The subsector's economics revolve around venue infrastructure, broadcast rights deals (the NFL's media contracts with ESPN/Disney, CBS, Fox, and NBC/Peacock total over $110 billion through 2033), and sponsorship. Regional performing arts ecosystems depend on philanthropic support and state arts council funding: the National Endowment for the Arts distributed $182 million in 2023, while organizations like the Kennedy Center in Washington, D.C. and the Steppenwolf Theatre in Chicago anchor nonprofit performing arts. Nashville, Austin, and Los Angeles remain hubs for live music production. Labor dynamics split between unionized technical and performer roles governed by IATSE, SAG-AFTRA, and Actors' Equity Association, and non-union venue operations.

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Industry Trends

01

The Department of Justice's 2024 antitrust lawsuit against Live Nation/Ticketmaster alleges monopolistic control over ticketing, venue management, and artist promotion, potentially restructuring how concert tickets are sold and priced industry-wide.

NFL

NFL, NBA, and MLB are expanding into legalized sports betting partnerships with operators like DraftKings and FanDuel, embedding in-game wagering into broadcast experiences and driving new venue-based sportsbook installations in states including Arizona and Ohio.

TICKET

Dynamic pricing algorithms deployed by Ticketmaster and SeatGeek have become standard for concerts and sports, with platinum and surge pricing drawing consumer backlash (notably after Taylor Swift's Eras Tour presale) and prompting proposed federal legislation like the TICKET Act.

$2B

Nashville, Austin, and Las Vegas are competing for major venue construction, with Las Vegas securing the Oakland Athletics' relocation and a new $2 billion stadium, while Nashville builds a $2.1 billion domed stadium for the Tennessee Titans.

SAG

Broadway and regional theaters are restructuring production economics after the 2023 SAG-AFTRA and WGA strikes demonstrated labor's pricing power, with Actors' Equity Association negotiating higher minimums and streaming residuals that affect touring production budgets.

Available Reports

1 industry report available for purchase under Performing Arts, Spectator Sports, & Related Industries.

Frequently Asked Questions

What is NAICS 711? ▾
NAICS 711 classifies establishments producing or organizing live performances, sporting events, and related entertainment. It covers theater companies, dance troupes, musical groups, sports teams, racetracks, promoters, agents, and independent artists. It does not include motion picture production (NAICS 512) or museums (NAICS 712).
How do professional sports teams generate revenue? ▾
Revenue flows from broadcast media rights (the NFL's contracts alone exceed $110 billion through 2033), gate receipts, corporate sponsorships, luxury suite leasing, merchandise licensing, and league revenue-sharing pools. Teams in large markets like the New York Yankees or Dallas Cowboys command premium local media and sponsorship deals, while smaller-market teams rely more heavily on league-distributed national revenue.
Why is the Live Nation/Ticketmaster antitrust case significant? ▾
The DOJ's 2024 lawsuit alleges that Live Nation's vertically integrated control of artist management, event promotion, venue operation, and ticketing through Ticketmaster creates an illegal monopoly that inflates ticket prices and restricts venue competition. A breakup or behavioral remedy could reshape ticket distribution, open venue access for independent promoters, and lower service fees that currently average 27% of face-value ticket price.
How does Broadway's economics work? ▾
Broadway shows require capitalization ranging from $8 million for a play to $25 million or more for a musical. Revenue comes from ticket sales (average price exceeded $120 in the 2022-2023 season), merchandise, and licensing for touring and regional productions. Only about 25% of Broadway shows recoup their investment, making the model high-risk. Producers increasingly rely on pre-existing intellectual property (films, jukebox catalogs) to reduce marketing risk.
What role do unions play in live entertainment? ▾
IATSE governs stagehands, lighting designers, and technical crews. Actors' Equity Association covers stage actors and stage managers. SAG-AFTRA represents performers in media. These unions negotiate minimum pay, working conditions, health benefits, and pension contributions. The 2023 strikes demonstrated their bargaining power: SAG-AFTRA's 118-day walkout resulted in new AI-use protections and streaming residual formulas that also affect live-to-broadcast productions.

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