How is Tech Changing Entertainment Industry?
In the last two decades, the world of entertainment has undergone significant transformations.
23:31 10 September 2019
Thanks to the growth of this industry, there are many stakeholders. Consumers have more options to choose from compared to two decades ago. However, it is impossible to talk about these changes without acknowledging the role technology has played in this space.
Experts have pointed out that the growth of the internet and broadband are some of the reasons why technology is a significant factor in the world of entertainment. Music, TV, gaming, and gambling are some of the industries that have changed in the last two decades due to technology. So now let’s explore how technology has changed each of the above sectors.
Tech and Movie Industry: How tech is changing the movie industry
The movie industry is arguably the largest entertainment industry in the world. The movie space is home to some of the best talents in the world of entertainment. In the last two decades, however, the industry has changed in the following three aspects.
First, distribution has always been a significant issue in this market. Cable TV has been an important avenue to distribute movies, documentaries, and TV shows. However, in a report by WSJ, cable TV is no longer the best way to distribute films and TV shows. The subscription numbers have gone down in the last decade. Streaming services are more popular, especially for the younger generation.
Second, production is also one of the areas where technology is changing the industry. Unlike three decades ago, the quality of TV shows and movies has also changed. High resolution is now a necessity — thanks to 4K and 8K TV screens. The streaming options have also contributed to this change. Better screens (HD) translate to better watching experience and therefore, more entertainment.
Thirdly, the payment systems are better and flexible. Research shows that cable TV subscriptions are ten times more expensive as compared to the cheapest streaming plan. The affordability has therefore expanded the market. With $10 in a month, one can access more movies, TV shows, documentaries, and comedy shows compared to a $60 cable TV plan.
Tech and Gambling: How tech is redefining the world of gambling
Technology has reshaped how people approach gambling. Although gambling is one of the oldest forms of entertainment, it has changed over the years. Some of these changes include the following.
Firstly, with, online casinos are one of the most important developments in the world of gambling. In developed tech markets like the UK, the online casino has more players compared to the conventional gambling shops and casinos. Thanks to the availability of mobile-centered casinos, it is possible to enjoy the best casino games at home.
Second, modes of payments in the online casino are also exceptional. Players can deposit and withdraw winnings in hours — thanks to improved banking systems in the casino space. Thanks to secure and efficient banking systems, technology completely changed the face of gambling in the UK over the course of the last ten years. Visit this site to learn more about the current UK casino landscape.
Lastly, technology has also given the players a chance to reach gambling companies easily. Communication is key in a sensitive industry such as gambling. Therefore, functional communication channels help gambling companies to create strong bonds with players. On the other hand, players have access to 24/7 chat options. The availability of chat options ensures that customer satisfaction is a reality in the gambling space.
Gaming and technology: How tech has revolutionized the gaming space in the last decade
Gaming is an integral part of the entertainment industry. Of all the entertainment industries, the gaming industry is one of the most affected in terms of technology and the introduction of new gadgets. Some of the changes in this space — for the last decade —include the following.
First, facial recognition is an essential development in the world of gaming. Thanks to facial recognition, the clients in this space have the option of creating custom avatars. Custom avatars offer players a more customized playing experience. Pundits have pointed out that with a more personalized gaming space; the future of gaming is bright.
Second, the gaming space is home to some of the best displays and unmatched graphics. The two developments offer players a better experience. Graphics, for example, are instrumental in transforming pixels to almost-natural feeling. High image quality is an excellent precedent in this space. The displays (in terms of resolutions) in the gaming space are better than the displays in movies and TV shows.
Thirdly, the availability of virtual and augmented realities is a game-changer in the world of gaming. The two realities have pushed the innovation levels in the world of innovation to new levels. In 2019, it is possible to play games with better interactions and more importantly — across multiple sensory modalities.
Finally, wearables are also an essential aspect of technology and gaming space. Smartwatches, for example, are an important aspect of this space — thanks to developments in the smartwatches’ space.
In concussion, technology and the world of entertainment are inseparable. Pundits have pointed out that the advancements in the above niches are a mirror of how technology is the future of entertainment. In the next five decades, the entertainment world will be saturated with more technology.
The challenges also give the pundits an avenue to access the weaknesses of tech advancement. The ability to understand and access shortcomings helps in improving the experiences. Therefore, it is impossible to talk and discuss the future of the entertainment industry without talking about technology.