IMPACT OF STREAMING PLATFORMS ON THE FILM INDUSTRY

The film industry is evolving, and the way it used to function has definitely changed a lot in the years. There are two essential things that are on the verge of reshaping the film industry completely, and those factors are - COVID-19 and the introduction of streaming platforms. 

The outbreak of the pandemic has turned the tables upside down for the media industry. With everything being shut, and people preferring to stay home more often, people have now shifted to streaming platforms for their entertainment. 

The interactive streaming platform was there before the pandemic as well, but their usage increased to a great extent with the outburst of COVID 19. Now, people are preferring to enjoy movies for their entertainment by staying at home and surfing the streaming platforms. 

These platforms are playing a big role in reshaping the film industry and are affecting the industry in both positive and negative ways.

The positive sides of interactive streaming platforms, which are adding up to the advantage of both the theatre world and the viewers as well are:

1. Convenience

2. Better content

1. Convenience -

One of the biggest advantages online streaming platforms have offered is the convenience of watching movies, shows, and lots more from the comfort of your home. These platforms have provided people with the option to surf and watch their favorite stuff from any place they like and from any electronic gadget they want to. 

Other than this, these service providers also allow the viewers to watch collaboratively from miles of distance. Also, one has to not pay for every movie they watch, all one needs is a subscription plan, which is a one-time payment.

2. Better content -

It has also been observed that in comparison to the entertainment industry, streaming platforms are creating and releasing quality content and the audience is loving it. They are manufacturing great stories or concepts which are actually making their place in the Oscars and Emmys as well.