Based on the dual perspective of input-output and network analysis, this study takes typical industrial sectors of China’s entertainment industry as representatives. Through the input-output analysis of industrial correlation characteristic indicators and construction of an industrial correlation network, we conduct a systematic and quantitative study on the entertainment industrial correlation characteristics and structural characteristics of the industrial correlation network in China. Furthermore, we clarify the role of the entertainment industry in China’s industrial development and its positioning in China’s whole industrial correlation network. We have the following key findings: China’s entertainment industry as a whole shows the characteristics of final demand-oriented industries, whose rapid development plays a certain positive role in boosting consumption and driving economic growth. Within the whole industrial correlation network in China, there is frequent interaction between the entertainment industry and other industry sectors within the directly related network; it will especially exert obvious radiation and driving effect on the upstream industry. However, limited by the scale of the direct industrial correlation network, such influence is still difficult to achieve the common development of most industries in China.