Streaming Services: The Future of Entertainment Industry

The old traditional days are gone when on a Friday and Saturday night, you had to make a plan to Cinema to watch the latest movies or wait for it until a TV shows it to you. Isn’t it too irritating and frustrating? Now are the days, where without leaving home, you can automatically view all the latest releases and new episodes of your favourite TV shows and movies any day and any time straight from your couch with your favourite snacks! Isn’t it something that offers two things in one package means fun and relaxation both together? All credit goes to streaming services, who understood the struggles of a person to plan a film night, firstly make sure the availability of your partner or group, Secondly, book tickets, Thirdly get ready on time that day and finally reach there without being stuck in traffic. Oh jeez! So much extra work. Services like Netflix, Hulu, Disney Plus, and much more have taken over these challenges and made you get the best of the movies and shows within your home while being in the comfy pyjamas. However, one of the problematic things is geo-restrictions, which makes these services only operable in specific regions. Still, the tech industry has gone so far that you can use VPNs and other geo-spoofing techniques to access these streaming services. You can access Disney Plus with a VPN from anywhere, or Netflix or any other service that you wish to.

This whole new phase of the entertainment industry started in 2007 when Netflix began shipping DVDs directly to customer’s doorsteps. Over time, services such as Netflix have been able to get over from their mailing service and build an app for instant viewing on any platform with improvements in technology and enhancements to wifi networks. The industry has been revolutionized by this technology and has taken over how people consume media. With time this business starts spreading, and so many competitors introduce themselves in the market such as Amazon, Hulu, Disney+, and the list goes on. To remain competitive in the market of entertainment, major media companies are now moving towards streaming and upgrading new technology. Of course, with the increase in streaming services, some large entertainment companies are starting to see a decrease in revenue. Over the past five years, DVD rentals and sales have continued to decline, and families have started to cut cable for streaming services.

For companies in every industry, this year has been very impactful, and the entertainment industry is no exception. It is fair to assume that no area of the entertainment industry has been left unscathed, with theatres shutting their doors, film sets going on indefinite delays, and halls, stadiums, and other event centres remaining under lock and key. In this new normal situation, streaming services help us to do fun without going out. They stock up so many new shows and movies for us to spend our whole lockdown at home. This year is a great time for streaming services as their demand increased a lot, which directly impacts their revenue. It’s difficult to predict where it’s all going to lead. Streaming may potentially be the reason for the cable industry’s demise, as the craze about streaming shows and movies is increasing day by day. Still, some people also do not have a single streaming service subscription. Streaming’s potential is one that the industry will have to keep an eye on! The global market size for video streaming has been estimated at USD 42.6 billion in 2019 and is projected to hit USD 50.1 billion by 2020. According to one of the editors at StreamingRant, the industry will completely replace the TV in the next few years and releasing a movie or show will all be about putting it up on the streaming platform. The future of the entertainment industry surely lies in the hands of streaming services.

This whole new phase of the entertainment industry started in 2007 when Netflix began shipping DVDs directly to customer’s doorsteps. Over time, services such as Netflix have been able to get over from their mailing service and build an app for instant viewing on any platform with improvements in technology and enhancements to wifi networks. The industry has been revolutionized by this technology and has taken over how people consume media. With time this business starts spreading, and so many competitors introduce themselves in the market such as Amazon, Hulu, Disney+, and the list goes on. To remain competitive in the market of entertainment, major media companies are now moving towards streaming and upgrading new technology. Of course, with the increase in streaming services, some large entertainment companies are starting to see a decrease in revenue. Over the past five years, DVD rentals and sales have continued to decline, and families have started to cut cable for streaming services.

For companies in every industry, this year has been very impactful, and the entertainment industry is no exception. It is fair to assume that no area of the entertainment industry has been left unscathed, with theatres shutting their doors, film sets going on indefinite delays, and halls, stadiums, and other event centres remaining under lock and key. In this new normal situation, streaming services help us to do fun without going out. They stock up so many new shows and movies for us to spend our whole lockdown at home. This year is a great time for streaming services as their demand increased a lot, which directly impacts their revenue. It’s difficult to predict where it’s all going to lead. Streaming may potentially be the reason for the cable industry’s demise, as the craze about streaming shows and movies is increasing day by day. Still, some people also do not have a single streaming service subscription. Streaming’s potential is one that the industry will have to keep an eye on! The global market size for video streaming has been estimated at USD 42.6 billion in 2019 and is projected to hit USD 50.1 billion by 2020. According to one of the editors at StreamingRant, the industry will completely replace the TV in the next few years and releasing a movie or show will all be about putting it up on the streaming platform. The future of the entertainment industry surely lies in the hands of streaming services.

Published by Salman Ansari

Salman Ansari is a digital marketing pro with hands-on experience in the field. His passion is to explore new ideas of content creation to get the brands to have a digital presence in the time of digital mediums.

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