The Future of Media and Entertainment: 5 Reasons Why Technology Changes Everything

For decades, the media and entertainment industry have defined the process of destruction. In the future, the speed of change will be accelerating, as companies will try to provide a personalized interactive experience by consumers. This is the change and the reason for the digital strategy.

With the combination of streaming videos, social networks, and social games, more rich, interactive media and entertainment scenery, the market leader abandoned old textbooks and a flexible environment supported by the latest cloud technology. It is necessary to build. Flexible platforms can help companies create new reality of digital entertainment while making profits.

The largest entertainment service provider will be more and more united with a game company to use immersive games to create new ways of interacting with consumers. The media and entertainment industry leaders will explore innovative methods that combine streaming videos, social networks, user content, and games, build new business models, and fundamentally change their mindset about entertainment.

The borders shared by these categories will become more and more ambiguous, but one reality is extremely clear. With the evolution of content, distribution channels, and profit strategies, partnerships and M & amp; A (merger / acquisition) are constantly performed, so media entertainment companies are a flexible system for making faster and hig h-quality decisions. It is required to have access to data.

Here are the five truths that media entertainment companies should be recognized to succeed in the constant shock.

1. Innovation Matters More Than Ever

Streaming videos, social networks, and social games have changed the prospects of the media entertainment industry, creating new business models, and strengthening mutual dependence between the industry. < SPAN> For decades, the media and entertainment industry have defined the process of destruction. In the future, the speed of change will be accelerating, as companies will try to provide a personalized interactive experience by consumers. This is the change and the reason for the digital strategy.

With the combination of streaming videos, social networks, and social games, more rich, interactive media and entertainment scenery, the market leader abandoned old textbooks and a flexible environment supported by the latest cloud technology. It is necessary to build. Flexible platforms can help companies create new reality of digital entertainment while making profits.

The largest entertainment service provider will be more and more united with a game company to use immersive games to create new ways of interacting with consumers. The media and entertainment industry leaders will explore innovative methods that combine streaming videos, social networks, user content, and games, build new business models, and fundamentally change their mindset about entertainment.

The borders shared by these categories will become more and more ambiguous, but one reality is extremely clear. With the evolution of content, distribution channels, and profit strategies, partnerships and M & amp; A (merger / acquisition) are constantly performed, so media entertainment companies are a flexible system for making faster and hig h-quality decisions. It is required to have access to data.

Here are the five truths that media entertainment companies should be recognized to succeed in the constant shock.

2. Profitability—Not Revenue—Takes Top Priority

Streaming videos, social networks, and social games have changed the prospects of the media entertainment industry, creating new business models, and strengthening mutual dependence between the industry. For decades, the media and entertainment industry have defined the process of destruction. In the future, the speed of change will be accelerating, as companies will try to provide a personalized interactive experience by consumers. This is the change and the reason for the digital strategy.

With the combination of streaming videos, social networks, and social games, more rich, interactive media and entertainment scenery, the market leader abandoned old textbooks and a flexible environment supported by the latest cloud technology. It is necessary to build. Flexible platforms can help companies create new reality of digital entertainment while making profits.

The largest entertainment service provider will be more and more united with a game company to use immersive games to create new ways of interacting with consumers. The media and entertainment industry leaders will explore innovative methods that combine streaming videos, social networks, user content, and games, build new business models, and fundamentally change their mindset about entertainment.

The borders shared by these categories will become more and more ambiguous, but one reality is extremely clear. With the evolution of content, distribution channels, and profit strategies, partnerships and M & amp; A (merger / acquisition) are constantly performed, so media entertainment companies are a flexible system for making faster and hig h-quality decisions. It is required to have access to data.

Here are the five truths that media entertainment companies should be recognized to succeed in the constant shock.

Streaming videos, social networks, and social games have changed the prospects of the media entertainment industry, creating new business models, and strengthening mutual dependence between the industry.

The impetus for unifying these channels is a young buyer who has never known a world without digital content platforms, and indeed, they can communicate with them. According to a Bain & Co. study, the median age group between 13 and 34 would rather know their peers in video games than in the real world. This will account for almost 11% of the total cost of media and pleasure by 2026, almost double the current amount. And according to McKinsey, by 2030, more than 50% of live events will take place on Metavernaya.

As buyers spend more time consuming content on channels other than traditional entertainment channels, they will urgently demand orderly and controlled skills. According to Accenture, 6 out of 7 buyers worldwide want to own a universal platform that simplifies streaming video, fantasy sports, social commerce, and almost all other entertainment skills.

3. Greater Diversity and Inclusion Is a Business Imperative—and Data Is Key

To meet buyers' expectations, organizations need to introduce innovations on a daily basis, develop their own digital strategies, and become more frozen in agile business. However, according to a Workday survey, only 23% of media company leaders rank their companies among their favorite companies in terms of digital regeneration and organizational resilience.

A Workday and MGI research report states that unchanging rigor is urgently needed to innovate successfully, and as a result, more than 50% of organizations fail to achieve their initial transformation goals. "Companies with insufficient transformation professionalism underestimate the price and complexity of transformation events and rely on aging, frozen systems that are not easy to integrate and evolve. At the same time, companies that have made the splash are using modern cloud-based tools that allow them to "respond quickly to configurations, execute restructuring, and achieve above-average results at below-average costs."

Without even paying attention to the fact that the streaming video revolution has created a golden age of content, the frightening reality remains: streaming video on the route claims is less profitable than classic television. A few requirements for this: for the most part, almost all streaming services do not include ads, almost all buyers selectively sign up with only a few services, and many of the freshest members of the Stream Wars are ready to work for years without benefits to gain customers.

However, as the number of streaming distribution cancellations increases and the cost of operating costs rises, media entertainment companies are increasingly feeling the pressure of maintaining the surplus. According to Alexander Group's survey, media companies prioritize existing customers to promote profit growth.

Personalization is a proposition for maintaining customers, and companies are competing for highly relevant content and advertising supported by machine learning (ML) technology that deeply delves into buyers and attributes. A new digital distribution and rapid evolving subscription model will form the future of the media and entertainment companies.

"Workday's communication technology media, a senior director, said," The organization will depend on many sources to ensure profitability. As a result, "as a result. It is necessary to maintain and understand the settings and automate (all) to secure the appropriate touch point for all customers. "

4. Organizations Embrace Nimble, Cross-Functional Systems

In order to increase services that significantly improve profit, profitability, and customer satisfaction, media entertainment companies need platforms that can easily send en d-t o-end data. In addition to charging and profit management, it is necessary to understand more widespread situations, including customer service and other components, so that they can make predictions every day. A system with artificial intelligence (AI) and ML functions is in a position to provide important insights necessary for companies to make more smart and dat a-led decisions.

In order to improve the profitability in the streaming era, you need an overall approach that evaluates all the nuances of the business and use rea l-time data to make the most financial and best decisio n-making.

"In order to prevent human resources from being separated from IT and finance, it is important that the top has a personal interest in the process and hear the voice.

Kevin McDonald's EW Skripse Company Human Resources / Vice President of Specialist < Span> However, as the number of streaming distribution cancellations increases and operating costs rising, media entertainment companies have the pressure to maintain the surplus. I feel it. According to Alexander Group's survey, media companies prioritize existing customers to promote profit growth.

Personalization is a proposition for maintaining customers, and companies are competing for highly relevant content and advertising supported by machine learning (ML) technology that deeply delves into buyers and attributes. A new digital distribution and rapid evolving subscription model will form the future of the media and entertainment companies.

"Workday communication, technology and media," Senior Director, "said," The organization will depend on many of the revenue sources to ensure profitability. As a result. It is necessary to maintain and understand the settings and automate (all) to secure the appropriate touch point for all customers. "

5. M&A and Strategic Partnerships Heat Up

In order to improve the profitability in the streaming era, you need a overall approach that evaluates all the nuances of the business and use rea l-time data to make the most financial and best decisions.

"In order to prevent human resources from being separated from IT and finance, it is important that the top has a personal interest in the process and hear the voice.

Kevin McDonald's EW Skripse Company Human Resources / Specialist Vice President, but as the number of streaming distribution cancellations and the rising costs of operating costs are soaring, media entertainment companies are more and more comfortable to maintain a profit. 。 According to Alexander Group's survey, media companies prioritize existing customers to promote profit growth.

Personalization is a proposition for maintaining customers, and companies are competing for highly relevant content and advertising supported by machine learning (ML) technology that deeply delves into buyers and attributes. A new digital distribution and rapid evolving subscription model will form the future of the media and entertainment companies.

"Workday's communication technology media, a senior director, said," The organization will depend on many sources to ensure profitability. As a result, "as a result. It is necessary to maintain and understand the settings and automate (all) to secure the appropriate touch point for all customers. "

In order to increase services that significantly improve profit, profitability, and customer satisfaction, media entertainment companies need platforms that can easily send en d-t o-end data. It is necessary to understand more widespread situations, including customer service and other components, as well as charging and profit management. A system with artificial intelligence (AI) and ML functions is in a position to provide important insights necessary for companies to make more smart and dat a-led decisions.

In order to improve the profitability in the streaming era, you need an overall approach that evaluates all the nuances of the business and use rea l-time data to make the most financial and best decisio n-making.

"In order to prevent human resources from being separated from IT and finance, it is important that the top has a personal interest in the process and hear the voice.

Kevin McDonald's EW Skripse Company Human Resources / Specialist Vice President

Increasing the value of equal rights and comprehension (DEI) in the media and recreation industries is not a basic moral request, but an important way to increase profits. According to a California Institute's survey, a movie, including the consulate, does not receive less than 20 % of their own Busita on the weekend of the first week, and the minimum of 11 % of no n-forming artists are the worst. Is shown. Meanwhile, the powerful consulates have the ability to promote sales, and according to GUGL selective survey, 64 % of buyers have actually influenced their behavior. 。

The media and entertainment companies must produce different content that find resonance from different audiences to win the streaming war and to get the best of the industry, to get the best of the industry. In addition, it is necessary to show the progress of DEI to increase a series of corporate values, from improving employees' wellby swings and engagement to discovering and developing talent. The future victory depends on the ability of companies that accept diverse staff and create inclusive internal culture.