We are completely spoiled for choice when it comes to keeping ourselves entertained. You can load up a film on your phone, watch YouTube videos on the go, or play your favorite game from your laptop in your bedroom. In this ‘always on’ culture, the entertainment industry needs to be able to keep up with the latest trends and satisfy the changing needs of a particularly demanding customer base.
2023 has been an exciting year for the entertainment business COVID may be over, but that doesn’t mean that the habits of customers are returning to what they were like pre-pandemic. For that reason, how we interact with the entertainment industry has changed drastically from how it was a few years ago. In this article, we’ll be discussing how some of the key players in the entertainment industry have changed, and what this means for consumers.
The Gaming Industry
Although all of the pieces of the entertainment industry have changed significantly in the past few years, the change has been particularly apparent in the online game industry. Not only are more people giving up their commute to the local center in playing online games from their room, but there are brand-new games that leverage some of the latest technologies. We’re seeing a huge number of people who are becoming masters at the crypto slots casino & crypto slots, which utilize the recent popularity of cryptocurrency to create a more engaging and accessible alternative to traditional games.
With the introduction of these new games that are mainly available online, there becomes little reason for people to go to physical gaming halls. Players like the convenience of being able to log onto their phone or computer at any time and place their bet without the pressure of being in the intense environment. Now they can just log onto their computer, say their wealth affirmations, and start playing their game whenever they want.
But, it’s not just the games that are seeing this shift in consumer habits, it’s a fact that’s been replicated within almost every other genre of gaming. Many of the most popular modern video games have started to see a change in what their customers want – what they mainly want is for things to be easy. They don’t want to go to a game store to pick up a new game, they want to download it straight onto their PC the second it’s launched. Similarly, gamers don’t want to play in isolation, they want it to be easy to connect with other passionate players across the world.
The TV Industry
With so many choices out there and the rising power of streaming services, it’s no wonder that viewing figures for television have been in a steady state of decline in recent years. Now, the average person spends just under 3 hours a day watching TV. People don’t want to sit around and watch cable television anymore where they can’t choose what’s next and have to put up with irrelevant adverts every 15 minutes.
It’s a very different story for popular streaming services like Hulu, Netflix, and Amazon Prime which have been growing their audience for years. Now, it’s not uncommon to see Oscar-nominated films being released exclusively on Netflix or entire seasons of a hit TV show being released at the same time for people to binge-watch. This shift in how things are done has meant that the way we view and interact with the TV industry has completely changed – making traditional TV battle to keep up.
If traditional TV wants to attract the attention of viewers again, it needs to follow in the footsteps of streaming platforms that have a strategy that resonates with viewers. We’re starting to see this with the introduction of on-demand programs, recording capabilities, and a switch in programming to include more relevant and engaging programs.
The Music Industry
Most of us listen to music every day, but how we listen to it is very different. Even just a decade ago, most people would buy a song or album off of iTunes and download it to their MP3 player if they wanted to listen to it. Now, you log into Spotify – or another music streaming service – and listen to whatever you want, instantly, if you pay a small subscription fee every month.
Along with listening habits, the role of musicians has also changed. Now, if you want to make a name for yourself in the music industry, your TikTok or Instagram account may say more about you than your actual music. Being a musician is like being a brand, and if you want to stay relevant you may spend a lot of your time hoping that your latest hit will go viral online. The entertainment industry is certainly entertaining, and the changes that we have seen in the past few years will continue to transform the industry in the future, making it look very different from what we’re used to today.
