Entertainment is an incredibly multifaceted sector, so it naturally follows that the spectrum of risks associated with the field is similarly broad and complex.
For example, a film production could experience delays that necessitate reshoots and otherwise cause the picture's financial backers, cast, and crew to lose money. Along completely different lines, a news organization or periodical could unknowingly report false information and thus open itself up to libel lawsuits.
Elsewhere, in live entertainment, costs and liabilities can pile up as a result of misfortunes affecting audience members, performers, sponsors, the event site itself (e.g., adverse weather conditions), structures or vehicles involved in the event, and so on. Other uncommon, but not unprecedented hazards include animal mortality, equine liability, performers' failure to appear, political risk, and even kidnapping or terrorism.