Production studios business involves the creation of content for radio and television, such as newscasts, talk shows, documentaries, and other programs. Professionals working in this type of business have to be familiar with technology and production trends in order to create programs that are both visually appealing and engaging to audiences. They must also be aware of current regulations related to media production and broadcasting, and create content that meets the regulatory requirements. Production studios must also be aware of the competition in the market, in order to create programming that will draw audiences away from rival networks.