INTERTAINMENT COLLAPSE: WHAT WOULD HAPPEN IF THESE ONLINE PLATFORMS FOR FILM DIED

Image result for online entertainment services

“When majors become minors.”


Platforms – streaming

Over the past 10 years, we have seen a drastic increase in the number of market share that online entertainment platforms have in the industry. But something came to mind the more I started thinking about the shift. What would happen in the event one of these major platforms, if not a few went bankrupt? How could this shake up the market?

the market

When observing the market, an article was written by Tech Crunch back in April of 2017 which put Netflix at the top of the heap as far as audience versus reach. And behind them is Dish Network’s Sling, followed by Hulu, YouTube, Amazon, and then HBO GO. Now, the idea of one of these companies going under could be catastrophic since some have valuation close to, if not over $100 billion. The photo below is of the article diagram of this data from Tech Crunch website.

could it be?

Still, with all the control that some of these platforms have, it could happen. There companies in America far bigger that have went under. So don’t think for one second that the spot of a company is fool proof. It could go under. And that would mean companies who compete, not audiences, scrambling for a position over the market. People are fine, we’ll always find an alternative.

the who

There is no real way to know for a fact who will be the who to go under. That is impossible to find out because it would mean knowing company information. But whoever does, if anyone, you’re talking a wide open market; especially if it’s Netflix, Sling, or Hulu.


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NO TELE: WHAT WILL HAPPEN OF THE TELEVISION IN THE FUTURE

abandoned, antique, close -up

“What will come of it?”


television

The television was created nearly 100 years ago. And since then, it has transformed from a medium with only a few channels to thousands of channels. First created as a means of educating the public, it has gone on to mean a form of entertainment. But with so many platforms on the internet, what will happen of the television?

platforms

The internet platforms that are rapidly eclipsing the television are Netflix, Amazon Prime, Vimeo, and Hulu. These platforms have gone from small companies, to majors in the film and television business. But will they be a long term threat to the entertainment industry?

Image result for hulu vimeo netflix

opportunities

With regards to people looking to make a name for themselves, there will be an open availability to be creative and grow on their own. You used to have to go to Los Angeles, now, you can upload on sites. Or if you have an audience that has been built by yourself, these various platforms would be open to business. What could this mean for the entertainment business?

barriers

Will we start to see boundaries for coming into the entertainment business? Because if the people who can easily use these services grow too much, they become more of a liability than an asset. Because there are a lot of people who work for companies that are not on platforms. But the other side is platforms may start to become even tougher to work with. So like Disney who announced they will have a platform, others may have to follow.


My Personal Website: www.faheemjackson.squarespace.com

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