How does trusted data help you realize transformation? So, for what is worth, here are the top four technology trends in media and entertainment that I think will be essential in 2021: You will experience security breaches In a time where the bulk of the workforce is home-based, the ability to protect networks, content, communications and … How can digital government connect citizens without leaving the disconnected behind? During the pandemic there was an explosion of gaming, which implied an increase of 20% in the number of players and 40% of others who were already there , but who increased their activity, according to a report by Telecom. Success in 2021 will depend on industry leaders adapting strategies to meet unforeseen market opportunities and threats. California: Privacy | Do Not Sell My Personal Information. Mortal Kombat is one of the most iconic franchises in video game history. In-person events will see a robust return in … Demand for content, while many are stuck indoors, has increased, but the competition has never been higher. Going forward, cable companies will seek to expand more deeply into the household by deploying a broader suite of products that build on the core internet connection, including in adjacent “smart home” areas such as home security, a variety of connected devices – thermometers, doorbells, appliances – and potentially telehealth applications. Brandwatch data reveals some of the biggest consumer trends for the entertainment industry as we head into 2020. Trends and Statistics Media & Entertainment Leaders Should Know For 2021. An abridged version of this article originally ran on Multichannel News. To learn about our use of cookies and how you can manage your cookie settings, please see our Cookie Policy. Since spring 2020, the COVID-19 pandemic has been accelerating structural challenges and trends that have long faced the media and entertainment (M&E) industry. A New Approach to Influencer Marketing. Virtual Reality. 2021 will be the year of transition. BY: Gerry McCarthy April 27, 2021. Industry Top Trends 2021. Looking ahead, the sweeping restructuring actions already announced by several media majors will take hold throughout the industry. Executing strategies to succeed in a fast moving market. We take a look at three key trends that will characterize the nature of our online global economy in 2021. The impacts of COVID-19 accelerated and amplified long-running secular changes, including streaming growth, cord cutting, fading movie attendance and an increased focus on the price-value relationship influencing consumer decision-making on media spending. Posted in Uncategorized : With the increasing optimization of online services, many previously untapped markets are capitalizing on the potential of modern e-commerce. COVID-19 has permanently changed the media and entertainment habits and preferences of US consumers. There is more variety to slot machines and table games now than ever. Success in 2021 and beyond will depend on building platforms that adapt to unforeseen market opportunities and threats. Cable companies are achieving record results from their high-speed data offerings as consumers rely more than ever on fast internet connectivity for work, school and entertainment. This is your insight platform to navigate 2021 and access the latest ideas changing the way we plan and execute events. Music venues will push ahead with creative audience layouts to encourage attendance, while also promoting interactive options for fans who are not yet comfortable coming out for a show. Well, the entertainment world began to explore this alternative. Toggle Menu Media and Entertainment (M&E) entered a new era in light of COVID-19. According to the entertainment trends report, the following chart shows that not all consumers are ditching cords: The Line Between On-demand and Live TV Is Blurring: Based on the entertainment trends report, Among sports viewers in the U.S. and UK, 87% say they’d missed watching sports events during the COVID-19 outbreak. Discover what can be learned from 8,000 global survey responses and thousands of social posts. Home Entertainment Trends 2021: Premium VOD Is Here to Stay. Video Social Media. In-person events will see a robust return in 2021, as the human need for shared experiences remains uniquely powerful. Colored bars on a waving banner can unify a nation, … / Photo: Unsplash. Meanwhile, video game revenues industry-wide have almost doubled over the last five years. After a year in which COVID-19 upended Hollywood, 2021 looms with big question marks for home entertainment executives. Get the most important insights and the latest figures for online entertainment behavior around the world. E-sports is another trend that will continue to grow in 2021. For example, the 2020 The Game Awards was seen by 83 million people, showing that it is a trend that is here to stay and that it will continue in 2021. Every day is Mother's Day, that's why we don't stop celebrating it. Live events will be back, but different. Media competitors that lack the mega-scale of today’s top operators face a crucial choice: attempt to forge ahead alone through turbulent waters or move rapidly to tie up with a similarly positioned peer to improve competitive and financial positioning. One of the first things we had to get used to. Posted on April 8, 2021 by TFE Times. Transformative leader with a passion for media and entertainment. Forced to shelter in place due to the COVID-19 … Therefore, we learned about many of the entertainment trends that will continue or increase during 2021, due to the changes that the coronavirus generated in the world. Owners of large stadiums will utilize their vast capacity to design ticket blocks that meet social distancing guidelines. TNJ Staff - January 7, 2021. You’ll discover the biggest consumer trends in TV, music, gaming, and social entertainment - to fuel your brand strategy for 2021. Being indoor places, they were considered huge sources of contagion. With the adoption of digital transformation, Over the top (OTT) platforms, content personalisation, eSports broadcasting are expected to be the top media and entertainment trends for 2021. Streaming shows Artists who relied on live performances were hampered by the pandemic as they were unable to open stadiums or venues for people to flock to. In so doing, we play a critical role in building a better working world for our people, for our clients and for our communities. The pandemic accelerated the growth of streaming and made premium video-on-demand an economic and logistical necessity due to the closure of movie theaters. The impacts of COVID-19 accelerated and amplified long-running secular changes. Your browser does not support the audio tag. Influencer marketing used to be all about selfies, carefully … Here are some of the top trends in entertainment we can anticipate next year: Online gambling will expand further. Sports and Entertainment Consumer Trends People have really missed live events, and their desire to get back out has intensified in the last six months. The gaming industry is constantly evolving, and in 2020, it saw one of its greatest growth spurts ever. Currently, saying Zoom is synonymous with virtuality, since many of the tasks and even meetings we had to adapt to this modality. And despite the … Cable companies will look to expand more deeply into the household. EY refers to the global organization, and may refer to one or more, of the member firms of Ernst & Young Global Limited, each of which is a separate legal entity. 2020 represented a huge change in entertainment. Lockdowns and travel restrictions walloped virtually every business that relies on the physical gathering of people. COVID-19 dismantled the world we already knew. Even so, absent a fully distributed vaccine for COVID-19, mitigation strategies will be required as fans return. There’s nothing quite so effective in helping guests shed their inhibitions and let loose (that isn’t alcohol) than a bit of throwback fun in the form of a Britney / Backstreet Boys / Brit Pop medley. All Rights Reserved. Strategizing a game plan from key sports trends. Many retailers substantially enhanced their delivery and buy-online-pick-up in … We could see it in the theater, stand-up and even in music recitals. Business conferences will continue to utilize digital platforms to extend reach and include remote participants who remain wary of business travel. A primary motive is cost reduction, of course. In other words, we end up getting used to a virtuality, where many industries had to be reconditioned in order to survive, minimizing the risks involved in physical contact . For more information about our organization, please visit ey.com. For this reason, the new year can generate many expectations, but the truth is that many issues related to entertainment will remain the same or will mutate even more towards virtuality, at least until the world returns "to normal." The crisis forced media and entertainment industry leaders to activate transformation plans, shrink execution timelines and experiment at lightning speed. Entertainment is known for its ability to adapt to and reflect quickly changing consumer tastes. Social Video. While serving as a bridge to a full reopening, these solutions also will keep audiences engaged and establish new multi-channel, customized connections – mobile-based and powered by sophisticated data analytics – that will become part of the ongoing consumer value proposition. By continuing to … Ernst & Young Global Limited, a UK company limited by guarantee, does not provide services to clients. Let's review MK's best games, In this edition we present six new artists who seek to transmit their messages through electronic music. In 2021, we can expect a number of exciting new trends, particularly within gaming and digital entertainment markets. This will change the dynamics for events – and will potentially open innovative new channels to enhance the consumer experience. For this reason, both birthdays and the different celebrations of the year were given through this application, with the idea of being able to be virtually close, avoiding risks in the face to face. Internet gaming has been around for a while and is still evolving. Here’s where the industry is headed as we move further into 2021 Who did you see more of this pandemic: your friends or your favorite streaming service? If there is one thing that event planners from all over the world love EventMB for it would be current trends in event planning. Therefore, they meet and will continue to gather to dance, listen to music and enjoy a few drinks from a distance. Therefore, we review some of the trends to communicate and have fun that will be present in 2021. The insights and quality services we deliver help build trust and confidence in the capital markets and in economies the world over. In 2021, the industry will likely see further combination activity involving mid-sized and smaller network owners and studios, motivated by the need to create a bigger platform to fund the investment in content, marketing and technology required to make the pivot to a direct-to-consumer model. We are already seeing this at selective sporting events where limited crowds are back in stadiums cheering for their teams. This material has been prepared for general informational purposes only and is not intended to be relied upon as accounting, tax, or other professional advice. Despite grim forecasts here and elsewhere, one thing’s certain: the theatrical … EY | Assurance | Consulting | Strategy and Transactions | Tax. Many casinos on the planet had to close due to the pandemic. Will COVID-19 turbo-charge M&A and transformation? In 2021 and beyond, companies will be successful not because they are better at predicting the future but because they are better able to orchestrate a wide-ranging ecosystem of in-house talent and external partners, and pivot in a timely, confident manner. Flexible Fulfillment. The Big Media & Entertainment Industry Trends for 2021 Few industries had as much of a boom as media and entertainment during 2020. Even Zoom parties are a "fashion" among young people , who saw that the clubs closed. The increase in users of this system is reflected in the company's shares on the stock market, which grew by 170% due to the pandemic . We bring you our favorites about typical phrases of mothers. Releasing cash for redeployment into growth investment is essential. 2021 Trends to Watch: Media and Entertainment Super-trends :: Omdia. In addition to cookies that are strictly necessary to operate this website, we use the following types of cookies to improve your experience and our services: Functional cookies to enhance your experience (e.g. For example, the 2020 The Game Awards was seen by 83 million people , showing that it is a trend that is here to stay and that it will continue in 2021. 82% of people who used to attend live events say that they miss the experience and a staggering 85% are nostalgic for stadium food. US consumers have adopted new habits and preferences while the forces buffeting the industry have increased in intensity. Most notably, they include the strategic necessity to acquire content to fuel streaming growth and the tactical reality that increasing size enables efficiencies and unlocks incremental investment capital. Las tendencias del entretenimiento en 2021. The steps taken by media and entertainment companies to streamline their operating models for efficiency and effectiveness will remain on center stage as the entire industry plots a course through disruption. After a year in which COVID-19 upended Hollywood, 2021 looms with big question marks for home entertainment executives. This is what is expected for 2021 in terms of entertainment. We help companies thrive in the transformative age by refreshing themselves constantly, experimenting with new ideas and scaling successes. Then we discuss how they will affect the direction of the global economy, how business will adjust, and how … The entertainment trends brands should know. While sporting events were shuttered, teams, leagues, athletes and promoters embraced e-sports competitions involving simulations of “IRL” events to maintain fan engagement and fill broadcasting slots. AMC Entertainment Stock Trends Again As Reddit-Led Retail Wave Lifts Shares 24%; Theater Chain Raises $428M In Share Sale – Update View All May 13, 2021 2:02pm Identifying the opportunities afforded by convergence and disruption. However, the window may be closing for studios and network owners hoping to sell to larger players in media or adjacent sectors due to questions around feasibility and demand. However, they had an ingenious idea: to generate streaming shows, which people can watch from their own homes . 100+ event trends transforming the industry. Players can even engage with live dealers through the screen. While online casinos were an existing trend before COVID-19, they have now become the only option in many countries, prompting more and more people to try them . In this article, we identify some of the trends that will shape the next normal. For example, poker, blackjack or roulette, in addition to other options, such as sports betting, that will allow players to make profits from the comfort of home. At first, we saw that strict quarantines were given that caused the labor industry to paralyze or see its activity diminished. Please refer to your advisors for specific advice. We use cookies to improve your website experience. E-commerce and Entertainment Trends in 2021. However, that does not mean that the game activity is over: quite the opposite. Pay TV packages, once the cornerstone of the subscriber relationship, are being deemphasized in favor of broadband speed tiers and other connected services. Leaning into color and showing hints of skin will also feel fresh again. Fans of these shows already consider it a more than viable alternative to see their artists in a different way, so it should not be surprising that, even after the pandemic, they are a complement to face-to-face live shows. According to the 2020 EY Digital Home study, 40% of respondents purchase internet-only packages from cable companies, up 8% year-over-year, further reinforcing the market dynamics. EY refers to the global organization, and may refer to one or more, of the member firms of Ernst & Young Global Limited, each of which is a separate legal entity. Another of the fastest growing industries in recent years. COVID-19 also resulted in shorter-term cyclical shocks. Theatrical Exhibition. However, the changing nature of the industry is forcing companies to rethink how they are structured and how they go to market with their products and services. Symbol revival In design, the little things matter. Seeing Tik Tok’s explosion in popularity this year, there’s no doubt … The media and entertainment industry will likely see further combination activity involving mid-sized and smaller network owners and studios. Industry executives are responding by taking bold steps to reposition their companies to align with new market realities. In other words, more and more young people are betting on entering the world of eSports, something that comes hand in hand with broadcasts on Twitch, but also with views of the most important events of the year. From auto racing and basketball, to cycling and even horseracing, audiences measured in the millions tuned into virtual events, opening a wide new consumer engagement pathway that we expect to grow in 2021. Whether you go the whole hog and book a 90s tribute act or opt for the measured approach of asking … In our annual outlook, we predict the impacts of the events of 2020 will be felt by the US sports industry for years to come, and 2021 will be a pivotal year—challenging fans, athletes, broadcasters, teams, and … Upcoming releases of next-generation consoles and the launch of gaming cloud streaming services will further stoke demand well into 2021. Bringing us neatly back to our main wedding music trend for 2021: celebrating that we can celebrate. You may withdraw your consent to cookies at any time once you have entered the website through a link in the privacy policy, which you can find at the bottom of each page on the website. Barring any unexpected catastrophes, individuals, businesses, and society can start to look forward to shaping their futures rather than just grinding through the present. 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