Videos on request, content streaming, advertising and hyper-targeted
content - are just a few of advancements in the entertainment industry. These
developments will transform the media and entertainment business in 2018,
according to
David Borshell.
|
Media and Entertainment |
But a big defy for the
entertainment companies this year is to find how to make good customer
experiences. As there is huge customization of experience across all brands, content,
and marketing.
Luckily,
patrons will likely continue to create more and more data about their
preferences, relations, habits, places, etc. Hence, there is a good market
opportunity for enterprises to use this data to target their content and marketing.
Content discovery is also one of
the market opportunities for media and entertainment industry. In fact, success
may lie in emerging friendly understanding of the audiences. And the entertainment
companies are trying to reach audiences by tapping social media because this
platform has become a great way folks learn about new TV shows.
The entertainment industry trends for 2018 suggest that it is
not just technology. But it is power move from maker to spectators that is
driving growth and change says, DavidBorshell.
Where can you See Opportunities for Growth in
2018?
With the advances
in the smartphones, video, and wireless technologies have ignited an explosion
in the evolution of streaming services. And the streaming services are cultivating
numerous of media and entertainment industry trends including:
·
More Attention to Virtual and Augmented
Reality: Every media and
entertainment companies are looking to making their content different.
Therefore, the virtual and augmented reality technologies will gain more
attention because of their aptitude to augment storytelling.
·
The Evolution of Audience Targeting
Advertisement: There are a lot of
innovation concerning data analytics and personalization as well. According to David
Borshell, this year we can see entertainment industries expanding spectator’s
information with social media.
·
The Emergence of vMVPDs: The vMVPDs - Virtual multichannel video programming
distributors such as YouTube TV, DirectTV now and others with whole up to 20 percent
of the subscriber market this year.
·
The Rise of Cord Shaving: Most of the viewers are going to replace their
multichannel subscription services with streamlined solutions. Hence, more
entertainment companies will grab the opportunity to leverage this rising
demand.
From the Technology Perspective – The Key
Areas to Watch in 2018 comprises:
·
4K Videos: Nowadays, most of the people prefer to purchase 4K TVs. The customers are
demanding that every watching experience match what they get in their living
rooms.
·
Autonomous Vehicles: The autonomous vehicles will rapidly emerge as influential
media delivery devices. David Borshell says that travelers may be
interested in an extensive range of new viewing windows
.
·
5G Wireless: The media and entertainment industries will take the
advantage of this pivotal technology this year to maximize the power of 5G.
Wrapping Up
With the changes in
technologies, the entertainment industries have enormous opportunities to
service their present and probable subscribers. David Borshell has given
the above media and entertainment industry trends that you will see this year.
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