The impact of streaming services on the entertainment industry

The rise of streaming services raises the same old questions: Are movie theaters dying? What will be the future of TV?

The video streaming entertainment industry has undoubtedly revolutionized the entertainment industry by incredibly changing the way we consume TV shows and movies. Top streaming platforms like Netflix, Disney+, Amazon Prime Video and Hulu have made entertainment more accessible than ever, leading to a drastic decline in watching movies at the cinema and waiting for shows in front of the TV.

As 85% of American households has at least one subscription to a video streaming service, is expected to see continued growth in the streaming industry over the next few years. Due to the high price rates in other parts of the world, except North America and Europe, is expected growth will stop, but no decrease is expected. In other words, when even the continued growth of the industry stops or slows down, the impact of streaming services on the entertainment industry will remain a hot topic for many years to come.

Let’s dive into the evolution of TV and movies regarding the rise of video streaming and analyze why people prefer to watch movies and series from the streaming service apps on their TVs, laptops or phones.

Why and how have streaming services changed the television industry?

Streaming services have disrupted the traditional television model by investing heavily in original content production. Netflix, in particular, has paved the way with globally known...