Media and technological innovation are very much connected. It appears as if with every brand-new technological development, we have a new type of media entertainment.
Entertainment and media have constantly been a massive market, but with technology now becoming a growing part of the industry- its bigger than ever. This is highlighted by the reality prominent companies, such as Vivendi and Elliott, have interests in organisations within the field. Among the top tech trends within the market presently is video streaming. The platforms that have emerged that are offering these services remain in direct competition with conventional scheduled television. It's safe to say, they are winning this competition. Just, individuals choose the choice they have with video streaming. They can see what shows they want, when they want to, and even where they want, all for an easy regular monthly membership charge.
One incoming emerging technologies trend, that is going to have a massive impact on the entertainment and media market, is superfast 5G internet. Although this is not a direct entertainment trend, it is a piece of technology that is going to be exceptionally advantageous for the market in general. What it will indicate is, all of the innovation that is currently used within the market will be optimised. With this brand-new internet connection, everything will get faster. You will have the ability to download music faster, stream television with far better quality, and not have to deal with frustrating buffering. Although 5G internet does already exist, it is yet in wide spread usage. Lots of companies are extremely thinking about this technology, two that are presently investing are Oppo and Vivo In the coming years, with more investment and advancement, this innovation will typical place.
It wasn't too long ago that we were still going to our local record shop to purchase hard copies of our favourite albums and singles, yes actual physical CDs and vinyl. To numerous millennials, this may appear like a totally alien concept. Why would you purchase music one album at a time, investing money every time you want to freshen up the tunes you dance to in your vehicle? It only appears weird now since we are entirely spoiled when it pertains to access to music. Music streaming services permit you to access enormous libraries of music for a simple regular monthly cost. This is a lot more expense effective and practical for the average customer, and for this factor it has actually become one of the biggest digital entertainment trends of current times. It is a pattern that has actually completely eclipsed traditional music consumption and has actually ended up being a big industry in and of itself. 2 leading companies that have invested in this growing industry are Tencent Music Entertainment and Tiger Global Management.