Todays, the way in which people consume
news and entertainment have been changed completely. Gone are the days when
individual’s watch anything that players in the entertainment industry have
decided to broadcast says, David Borshell.
In reality, technology has
totally disrupted this sector, introduce latest trends and create new models
for the entertainment industry. The advancement in technology has given
spectators power to select what they want to see any-time and anywhere at their
convenience. However, this creates both the challenges as well as opportunities
for traditional broadcasters. Actually, people prefer to spend their time
streaming videos online and downloading them instead of watching shows on the
television. Hence, distributors have to come with unique ways to bundle and
broadcast content.
Here’s are some challenges
and opportunities for entertainment and media industry:
Virtual
Reality
One of the most evolving
developments in entertainment and media industry is the virtual reality. This
technology offer opportunity for content creation. Moreover, virtual reality is
at the top in media and entertainment companies’
latest trends list. The technology offers several benefits in other industries
but is not entirely successful in the entertainment industry.
But this did not stop the
players in the industry from implementing VR in their programs. And numerous
media persons using this technology in their broadcast. One thing to take care
is that until customers get the content they wishing for, they cannot invest in
this technology. The players in the entertainment industry going to invest in
virtual reality technology should aware of every risk associated with it.
Targeting
the Followers
Todays a lot of platforms such
as Netflix and Spotify are available for driving the growth of entertainment
industry David Borshell says. For
instance, Netflix has made it easier for the industry people to recognize and
remarket the content to spectators. Furthermore, artists can know who is
listening to them using the Spotify user engagement data.
Almost all the brands use these
strategies for targeting their fans and pointing advertising doings at them. It
is a great way of gratifying your followers for their behavior, for brand love
as well as evoking authentic replies. However, entertainment industry person
has to take care of any online negative publicity.
Home
Festivals
These days’ music festivals
have become the latest money earning business. Actually, the fans are ready to
spend a huge amount of money in order to get a glimpse of their favorite star
lives. And this is one of the best trends in media and
entertainment industry is not going to die soon.
Also, this is the reason why
media industries are trying the technologies like virtual reality. This
technology will help people to enjoy LIVE experience of any music concert at
home comfort. Plus, the people who missed the ticket of the recital, as well as
festival organizers, can benefit from such ingenuities.
Wrapping It Up
David Borshell has given the
above entertainment and media industry trends that players in this business
should follow this year. The professional guide industries through market
disruptions, technological innovations, financial difficulties and
international expansion.
Comments
Post a Comment