Taking a Deeper Look at the Key Entertainment Sectors in the Modern Era
The entertainment world has never been bigger, with a myriad of sectors constantly seeking innovative approaches as competition is getting tighter. And with technology advancing at breakneck speed, it’s interesting to see how the key sectors are faring. So join us today as we delve into this below.
Online Casinos
The iGaming sector has easily become somewhat of a trendsetter in the field of entertainment. It has earned this title by becoming one of the first industries that embraced digitization with open arms by turning analog games digital back in the late 90s to early 2000s.
To make it easier to visualize these changes, we’ll be using online video poker as a set example. For those who haven’t played video poker, it’s a game-changing concept that combines poker with slots.
The game starts with five cards dealt, the player then decides which to keep and which to replace. The aim is to use these cards to build the strongest poker hand possible, based on the standard poker hand rankings.
Now onto how this game has fared in the modern era. Its turn to the digital has ensured more people are able to access it with ease, introducing it to a wider number of players.
After all, not everyone is able to go to a casino, depending on their schedule and location. This problem is fully solved, as players globally can now play online video poker 24/7 through any device they want from PCs to tablets to phones.
Moreover, by being online it has allowed for even more opportunities for expansion. This is mainly through the many variations created, such as Double Double Bonus Poker 1 Hand and Joker Poker 3 Hands.
Even the way players can make a deposit has become more inclusive, thanks to the different payment methods available. They now have the option to use both traditional options like credit/debit cards and alternative ones like crypto.
While games like video poker are quite simple, they can still be intimidating for beginners. To solve this, most platforms provide guides directly on the page of the game, complete with in-depth explanations of rules and strategies, making it more accessible.
To add to this, online video poker can also be enjoyed for free. This is achieved through features such as Practice Play, where no deposit is required at all.
By leveraging the power of technology, online casinos have been able to grow steadily throughout the years. Currently, platforms like Statista expect the industry to reach $132.90 billion by 2029.
Streaming Services
Up next, we’ll be exploring the world of TV shows and movies. We are now truly spoilt for choice with vast libraries available at our fingertips, offering more options than we’ll ever be able to consume in our lifetime.
Streaming platforms have completely redefined how we enjoy media. This is chiefly due to Netflix, which has pioneered binge-watching, making it completely normal to sit down in front of the TV and finish off an entire season in one sitting.
They have led to the globalization of TV, which has benefitted us in more ways than we can imagine. One major way it has done so is by eroding geographical barriers, thus allowing viewers to connect with foreign cultures and expand their horizons.
Streaming companies have also made significant efforts in recent years to create algorithms that provide personalized recommendations to ensure that every viewer finds the right thing to watch. This can be incredible for people who spend far too long scrolling through the library to pick a movie or series.
However, there is a shadow being cast on streaming platforms, or three shadows to be more specific. The first is that the current streaming model is simply not sustainable, as the lack of TV ads has lowered the profits for major companies, making it harder for them to break even and pay their employees appropriately, let alone residuals.
Then there’s the problem of monopolization, with major companies able to play with the prices as there’s less competition. For instance, we have giants like Disney buying out smaller companies, allowing them to increase costs practically unchecked.
The final one comes in the form of AI, which is being used not as a tool but as a replacement for humans. This affects both viewers and creatives negatively, as it leads to lower quality and fewer jobs.
After all, it’s important to keep in mind that AI is essentially a plagiarism tool. It is only able to generate and rewrite content it finds online.
Conclusions
The aforementioned industries have made major strides in their respective fields in the modern era. However, only time can tell if all of this progress will continuously benefit us as users. For now, the only thing we know for certain is that more change is inevitable.