Final answer:
In 2019, television was the key revenue generator in the U.S. entertainment industry, owing to its widespread viewership and appeal to advertisers targeting the 18-49 age demographic.
Step-by-step explanation:
Producer of the Largest Percentage of Revenues in U.S. Entertainment Industry in 2019
In 2019, television was the producer of the largest percentage of revenues in the U.S. entertainment industry. Television's impact on the entertainment landscape has been deep and far-reaching, particularly as every household in the U.S. owns a television set, and Americans collectively watch approximately 250 billion hours of television annually. The commission and finance from production companies, which are often owned by television networks, contribute to the bulk of entertainment programming shown on their stations and affiliates.
Furthermore, television excelled in attracting the most desired viewers between the ages of eighteen and forty-nine, with advertising directed towards this demographic. With high audience ratings hinging on their programs, television networks aired a variety of popular formats like dramas, reality shows, and live sports events. The highest-rated telecasts often included football games and the Academy Awards.
Given this context, it is understandable that television was the leading revenue generator in the U.S. entertainment industry during that time. This medium has consistently adapted to consumer behaviors and technological advancements to maintain its dominance over other forms of entertainment such as film, radio, and emerging digital media outlets.