This revised edition of Understanding the Business of Media Entertainment: The Legal and Business Essentials All Filmmakers Should Know, authored by award-winning screenwriter and entertainment attorney Gregory Bernstein, is an indispensable guide to the business aspects of the entertainment industry. Designed to equip readers with the information necessary to break into and thrive in this dynamic field, the second edition covers essential topics in a clear and engaging manner.

Updated to reflect the current landscape, the book explores real-world examples such as the increasing influence of digital companies and streaming providers like Netflix and Amazon. It delves into the transformation of independent film development and distribution and examines changes within the media ownership landscape. With insights from an insider’s perspective, the book provides a comprehensive look at the filmmaking business—from copyright law and government media regulation to key areas such as development, distribution, revenue models, the roles of agents, managers, and unions, and entertainment contracts.

Additional topics include:

• Hollywood’s growth and the conglomerates that own most of traditional media
• How specific entertainment companies operate, including details about particular studios and employee tasks
• The process by which studios develop projects and engage in marketing and distribution strategies
• An exploration of the various revenues studios generate and how they are accounted for

Packed with valuable information, this book is a must-read for aspiring filmmakers, entertainment professionals, and anyone seeking to navigate the complex business world of media and entertainment.