We consider corrections to the entropy of a black hole from an O(N)-in
variant linear sigma model. We obtain the entropy from a 1/N expansion
of the partition function on a cone. The entropy arises from diagrams
which are analogous to those introduced by Susskind and Uglum to expl
ain black hole entropy in string theory. The interpretation of the sig
ma-model entropy depends on scale. At short distances, it has a state
counting interpretation, as the entropy of entanglement of the N field
s phi(a). In the infrared, the effective theory has a single composite
field sigma similar to phi(a) phi(a), and the state counting interpre
tation of the entropy is lost.