Executive producer (EP) is one of the top positions in the making of a commercial entertainment product. Depending on the medium, the executive producer may be concerned with management accounting or associated with legal issues (like copyrights or royalties).  In films, the executive producer generally contributes to the film's budget and their involvement depends on the project, with some simply securing funds and others being involved in the filmmaking process.  
In films, executive producers may finance the film, participate in the creative effort, or work on set. Their responsibilities vary from funding or attracting investors into the movie project to legal, scripting, marketing, advisory and supervising capacities. 
Executive producers vary in involvement, responsibility and power. Some executive producers have hands-on control over every aspect of production, some supervise the producers of a project, while others are involved in name only. 
The crediting of executive producers in the film industry has risen over time. In the mid-to-late 1990s, there were an average of just under two executive producers per film. In 2000, the number jumped to 2.5 (more than the number of standard "film producers"). In 2013, there were an average of 4.4 executive producers per film.  One reason for the increase in executive producers per film is the desire to spread risk, whether due to increasing cost of film making for larger budget films, often met by multiple studios banding together, or alternatively the need to attract multiple smaller investors for lower budget independent films. 
In television, an executive producer usually supervises the creative content, plans and schedules the filming with the producer and team and may be involved in the financial budgeting of a production. Some writers, like Aaron Sorkin, Stephen J. Cannell, Tina Fey, and Ryan Murphy, have worked as both the creator and the producer of the same show.  In the case of multiple executive producers on a television show, the one outranking the others on a day-to-day basis is called the showrunner,  or the leading executive producer.
In recorded music, record labels distinguish between an executive producer and a record producer. The executive producer is responsible for business decisions and more recently, organizing the recordings along with the music producer, whereas the record producer makes the music. Sometimes the executive producer organizes the recording and selects recording-related crew, such as sound engineers and session musicians. 
In the video game industry, the title "executive producer" is not well-defined. It may refer to an external producer working for the publisher, who works with the developers.[ citation needed]
For example, in 2012, Jay-Z was announced as executive producer for NBA 2K13. His role consisted of appearing in an introduction, picking songs for the game's soundtrack and contributing to the designs of its in-game menus "and other visual elements".  
An executive radio producer helps create, develop, and implement strategies to improve product and ratings.