Entertainment is constantly breaking down barriers. Take a look at some of the biggest stories ready to drive the industry into the next direction.
No one could have accurately foreseen what the present state of show business would be like a few years ago. Facilitated by one of the biggest health situations in living memory, entertainment took on a radically different dimension to what anyone had experienced before. Cinemas were directed to shut their doors. Music shows were put on pause. In the absence of social events, streaming platforms sealed pole position as one of the driving forces of the entertainment market. Every released entertainment industry outlook will immediately look at the effect of streaming on our cultural consumption practices. Whilst the overall entertainment industry worth took a knock, reports recommend that digital entertainment took over one third of global revenue. Over three hundred million people signed up to a streaming platform within the past year or two. Industry veterans like Greg Maffei are continuously adapting to new tools and technologies to compete in the contemporary digital period.
The desire for new types of music, movies and gaming remains undiminished through the past year. Whilst there have been numerous obstacles to live entertainment, the capacity to watch tv and listen to music remains a vital balm to get us through the lockdowns. More than anything, it has opened our eyes to the apparently boundless possibilities of in-home entertainment. As opposed to getting dressed up for an evening out, you can today watch the most recent major blockbuster or television show in bed. It may appear a little unsociable – but that doesn’t make it unconnected. New features permit people to host watch parties for each and every program on demand. Multiplayer gaming technology means you can discuss battle tactics and scenarios with your friends. The digital entertainment industry keeps evolving. So regardless of whether you prefer to play together or go solo, entertainment group executives like Karel Komarek invest in a wide array of digital gaming to keep you completely engaged.
From galleries to movie theatres, the manner by which we consume culture has transformed boundlessly in the previous couple of years. With limited physical access to our favorite cultural cornerstones, advanced digital technology has swooped to the rescue. Streaming platforms have marched forward totally impervious to change. This technology has made it possible for artists to play right to our homes. But while streamed concerts have softened the blow for every music-starved fan, don’t expect everyone to stay stuck in the digital world. Movie theaters are not quite a relic of the past, and irrespective of all the shiny new technologies, nothing beats the thrill of watching the current blockbuster on the silver screen. As we move ahead, media executives like Daniel Zhang expect hybrid models to become normal. Theatrical and streaming models will rule the box office. The mix of live and digital events will reshape the entertainment industry in 2021.