Tech IndustryJul 25, 2022
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Entertainment and Streaming Platforms will be on boom for the next 5 years

After covid, few things are very clear. People are addicted to streaming platforms and wanted to stay the same. Following are the reasons this trend is going to continue. 1. Entertainment became personal right from kids to elderly. Previously people use to watch tv as as a family now everyone has their own device and app. ex: Disney for kids, Netflix for teens and Adults, ESPN sports middle aged, Discovery for older people 2. Cheap Subscription prices. If one wants to watch a movie at theatre spend on Gas, Travel, Ticket and Food which costs an average of 25$ for single person. With the same price two months of subscription could be bought. Previously people used to search what to watch in nearby theatres on weekends now they search whats the latest content streaming. 3. As the average age of population is decreasing, spending habits increasing, people will not think too much for a 10$ subscription/month for their entertainment needs. Most of the working population have atleast one subscription or a subscription is shared among few people at the worst 4. More and more developing countries are improving their internet infrastructure and cost of mobile devices and internet is more affordable and more telecom companies are offering either a free popular streaming subscription or offering their own streaming platform for customers. 5. The technology for streaming is already mature and more and more companies are coming nearby what netflix has achieved over the past few years. Also the infrastructure costs for a streaming platform became too cheap partnering with cloud platforms. Companies now only need to invest much in content rather than technology. Netflix earnings proves this. Netflix, Roku, HBO paying huge salaries not because they have loads of money, because they know that streaming is going to bring heavy profits in the future if executed well. Content will be the king and there will be heavy consolidations among the streaming apps. Top 3 streaming apps with best content going to make huge money over the next 5 years.

Roku RokWho Jul 25, 2022

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Vudu SqSJ45 Jul 25, 2022

Streaming is already on top for almost a decade. Over 70% of internet traffic is video streaming. Now something else will take over. It will be visual/video/entertainment based, but maybe not netflix/Hulu/PV like. Somebody somewhere is already working on something big

Amazon IOSYS Jul 25, 2022

Next big thing is vr

Netflix DontLookUp Jul 26, 2022

It takes cable TV's collapse to get the most profits. It needs another 5 to 10 years. Sports are still keeping pay TV together