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An executive producer (EP) enables the making of a commercial entertainment product. He or she may be concerned with management accounting and/or with associated legal issues (like copyrights or royalties). An EP generally contributes to the film's budget and may or may not work on set.
In Television, an executive producer often supervises the creative content as well as the financial aspects of a production. Some writers (for example Stephen J. Cannell and Tina Fey) have been the creator and also the producer of the same TV show. In case more than one executive producer works on a TV show there can be one among them who outranks the others. This position is known as showrunner. Once an executive producer has coined and established a successful TV series he or she might still be credited as such even if he or she has actually retired from the show.
In recorded music, record labels distinguish between an executive producer and a music producer. The executive producer is responsible for business decisions, whereas the music producer produces the music. Sometimes the executive producer will enable the creative visions of featured artists by managing where and when to record, selection and employment of sound engineers or session musicians etc.
In the video game industry, the title "executive producer" is not well-defined. It may refer to an external producer, from the publisher, who works with the developers. In 2012 Jay-Z was announced as executive producer for NBA 2K13. As such he appeared in an introduction, picked songs for the game's soundtrack and contributed to the design of its in-game menus "and other visual elements".