The entertainment industry has progressed quickly over the years to meet the demand for consumers wanting faster, more affordable, convenient ways to play games, watch movies, and see live events in real-time.
Its odd to think at one point; humans were satisfied with buying videos, cassettes, and video games which would often cost a fortune and take up a lot of room in the home.
Over the years, improvements were made to the size and quality of these forms of entertainment, resulting in CDs and DVDs. But as with most tech, there was still room for improvement. Particularly as the price and convenience of buying and putting CDs and DVDs on was still falling short.
Fast forward to the present, and the answers to every game, music, and movie buffs’ prayers are here – streaming services!
Many different entertainment platforms, from Netflix and Spotify and even gambling providers who have introduced live casino games, have captivated a large following worldwide and revolutionized the entertainment industry in its course.
For more details on why streaming services are clicking all the right buttons for consumers, plus why it’s clear streaming platforms are here to stay for the next decade at least. Please see below for more.
Immersive Experience
Casino providers in particular are known for utilizing new tech and trends to bolster their competitiveness and enhance the consumers’ experience.
As such, casinos online have added a streaming element to their website referred to as live casino games to offer customers an immersive gaming experience.
At the live casino, players can view their game of choice and the dealer in real-time. Which has, for many, made the online casino much more exciting and interactive to play.
Other examples of live streaming include streamers on twitch who play games online in real time for fans to watch.
Personalization
Multiple streaming platforms are engaging audiences of all ages, interests, and lifestyles. Why? Because they are collecting, and interpreting data collected from the interactions of their customers online. And using this data to create a personalized experience for users.
This is why you will find Netflix recommending specific films and tv shows. They are presenting a personalized selection of shows based on the account holder’s previous selections on the platform.
Quick Access
Companies that offer streaming capabilities are quick and easy to access. With most requiring an account to log in and activate the available programs.
Plus, with the rise of apps, viewers can, with a quick download, gain instant on-demand access to their streaming entertainment channel of choice at the click of a button.
Affordable Subscriptions
Streaming platforms from Disney to Twitch are offering users cheap subscription plans to access movies, events, and games. Affordability has played a significant factor in luring customers away from the cinema and DVDs and towards streaming platforms.
Variety of Entertainment
The plethora of games, music, films and shows provided by streaming platforms not only attracts but retains customer engagement.
Stream from Anywhere
Access to streaming programs enables users to control when and where they stream a particular program or game.
For those situated too far from HMV, a casino, cinema, and so on. Or those who prefer being entertained in the comfort of their abode. Streaming platforms are the answer because they provide a convenient, accessible means for users to access their game or show of choice.
The convenience, accessibility, and affordable nature of streaming services are a few of many reasons why these platforms have become the number one choice for consumers seeking entertainment. Moreover, here are a few factors that support the view that streaming has revolutionized how people are choosing to source and consume entertainment.
The Decline of the Movie Theatre
According to Bloomberg, the movie industry has begun to witness a decline in attendance and ticket sales in recent years. With in-home streaming services being the supposed culprit.
But apparently, it is not just the convenience and cost that drives more people to stay at home and tune in to their favorite streaming service. It is also believed some streaming services are offering better entertainment than the box office. Netflix, for instance, has created some brilliant movies such as the Irishmen, Extraction, and Bird Box.
Cable TV Can’t Compete
Network shows have struggled to gain a nomination in major categories in recent years. While there are people who still tune into their cable, it’s mainly used to see the news, reality tv, and sports.
Hollywood Will Accept the Streaming Revolution
Streaming has become a dominant staple in the entertainment industry. As a result, businesses in the industry intent on creating a successful enterprise would do well to incorporate streaming services into their plan.
While Hollywood directors will still be able to catch their films on the big screen, for now. History reveals the Hollywood community will embrace the change to streaming platforms if that is where the work and money lie. Examples of Hollywood’s’ progressive nature include the movement from the traditional theatre to radio and silent films to “talkies.”
With the enhanced entertainment experience streaming companies provide. And the entertainment industry gradually accepting streaming is the present and future of screen-orientated entertainment. We shall likely see the durability of satellite tv and the cinemas put to the test shortly. Plus, a steady shift in entertainment companies forming their own streaming services.
