What's happening in Online Entertainment?
By Media Entertainment Tech Outlook | Tuesday, July 14, 2020
With all the crests and troughs worldwide, the media and entertainment industry is changing dynamically. This further creates excitement in the online entertainment vertical.
FREMONT, CA: What’s all the hype around online entertainment? With all the changes transfiguring the reality at present, the online entertainment space is busy expelling innovation and developments its way. Firms in the online entertainment industry are revamping themselves in the context of staying in tandem with the present situation and forming the frontline of competition. Here is all that you must know to stay up to date with the trends in online entertainment.
With the growth in technology and other progressive steps by the media and entertainment technologists, online entertainment has been experiencing a surge in the aspect of development. The increased reliance of the users on electronic gadgets, such as smartphones, laptops, tablets, and others, and the emergence of streaming platforms and programs such as video content sites, multiplayer games, and TV series viewing applications, have marked the new era of online entertainment.
Sources say that the entertainment industry is expected to bag revenue of $2.2 trillion by next year. This prediction is backed by the immense potential shown by the online entertainment segment. High demand for streaming, online video viewing, gaming, betting, and others add to the ongoing transformation in the online entertainment. Further, studies show that around 180 million Americans prefer and access video content online. Grasping these insights and learning from these analyses, online entertainment companies are focusing on constant innovation in the realm.
Stating the betterment of media and entertainment, increased traction of the digital betting websites, online gaming platforms like cricket, table tennis, etc., streaming innovation like live videos to phone, streaming on-demand, and more such evidence is here to stay.