The New Language of Entertainment is a glossary developed from HollyTube Immersion, a four-day investigation into the convergence of Hollywood and the Creator Economy. The project brought together creators, studios, streamers, platforms, producers, investors and brand entertainment leaders to examine how intellectual property is now being developed, financed, distributed, owned and expanded. The central finding is that this convergence is creating a new entertainment operating system. Creators are entering the market with direct audience relationships, continuous feedback, community trust and their own distribution. Studios and streamers bring production infrastructure, financing, franchise expertise and global reach. Platforms are becoming incubators of talent, formats and IP, while brands are moving deeper into entertainment development and ownership. Audience participation now influences the entire value chain. Community can validate demand before major investment, support greenlight decisions, carry a project into the market and follow creators or fictional worlds across formats and platforms. Concepts such as "Audience Validation", "Embedded Distribution", "Audience Portability", "Parasocial Equity" and "Community as Infrastructure" describe how audience relationships are becoming measurable business assets. The glossary also identifies changes in production and dealmaking. Creator-led companies are building slates, franchises and entertainment businesses through constant iteration. Scripted storytelling is expanding across YouTube, streaming, mobile apps and television. Creators are negotiating to retain ownership of the IP they build, while platforms, studios and financiers develop new partnership structures around audience, production and distribution. There is no single model for HollyTube. The market is developing through many combinations of creators, Hollywood companies, platforms and brands. This glossary provides a shared vocabulary for understanding those models and the wider shift toward a more open, audience-informed and creator-led entertainment ecosystem.