Perceptions of overload are highest in the US (40%) with its large and arguably partisan media, and lower in countries like Denmark (20%) with a lower number of news organisations. Countries that are less politically polarised show lower levels of concern – like Germany (38%), and the Netherlands (31%). “Yahoo! One of the most glaring digital media and entertainment trends is that an increasing number of players are retracting from video content aggregators in order to stream their content direct-to-the consumer. This will continue in 2020 where media companies will continue working alongside AIs for personalized content recommendations and effective advertisements. Entertainment en Media Market To 2026 – Global Industry Outlook, groeimogelijkheden, Trends en voorspellingen met Top Players Analyse | Groei van de Markt Reports Entertainment and Media Market Growth 2020 Global Industry Size, Analysis, Share, Trends, Market Demand, Growth, Opportunities and Covid-19 Impact … The 5 trends we’ve forecasted for 2019 - We’ve forecasted trends using data from over 3255 respondents, interviews with industry analysts, and exhaustive market research. Social login not available on Microsoft Edge browser at this time. But from the data today it’s unclear whether most people will ever be prepared to pay for the kind of content that they now expect to access free of charge. Brexit fatigue is the most significant factor. We hope you’ve enjoyed reading about all the key media industry trends uncovered in the report. Major trends and technologies to look out for in the media and entertainment industry in 2020: AI in personalization, online streaming, AR, VR and data privacy. November 20, 2020 by Paul Bannister. There looks to be significant room for growth in the USA, UK and other western nations. This is most obvious in the French case – where trust levels fell 11% to a dismal 24%. Spotify and other big platforms are also investing heavily in the medium. We are revisiting the top digital transformation trends for entertainment and media. Sweden and the United States are some of the largest markets for podcasts, and in both countries over 50% of under 35s listen to podcasts monthly compared to less than 20% of over 55s. They subscribed to an average of 12 media and entertainment services, while also seeking more free and subsidized entertainment, such as ad-supported streaming video. Discover Deloitte and learn more about our people and culture. Do not delete! Please enable JavaScript to view the site. The explosion in devices, apps, social media, product research online, data over mobile usage on devices, and video consumption online are radical changes with big implications for the media industry. The report also shows that podcasts are far more popular in some countries than others, with Korea taking the lead (53%), and the UK trailing the field at 21%. Six Key News Media Trends to Watch in 2020. Subscription fatigue is the phenomenon of consumer frustration in a world where seemingly every company wants a few dollars a month out of them. The media industry as a whole has seen four broad developments (Croteau, 2001): 1) Growth. This message will not be visible when page is activated. Social Media Marketing Industry Report In our 12th annual social media study (46 pages, 60+ charts) of 5,200+ marketers, you'll discover which social networks marketers most plan on using, organic social activities, paid social media plans, and much more! In this e-book, we'll talk about the social media trends that will stick around for 2020, including artificial intelligence, social media wellness, virtual and augmented reality, and many more. Anderen lazen ook. Looking at the above chart, we can see that total trust in the US has remained stable. Certain services may not be available to attest clients under the rules and regulations of public accounting. We all have downloaded digital media on our smartphone and stored them on a micro memory... 2. These are some of the trends that will dominate the social media landscape in 2021 and beyond. Trends occur within every industry and can provide companies with important data to help them remain competitive in the marketplace. When it comes to those self-identifying on the right – we see trust levels plummeting to just 9%, as distrust grows due to perceived media bias against the Trump administration. Industry trends are patterns or trends that occur within a specific industry. The specific reasons for this aren’t immediately clear, but media professionals should take note of these trends and look for pathways to renewed trust. “More than half (55%) of our sample across 38 countries remains concerned about their ability to separate what is real and fake on the internet”. Heading into 2021, telecommunications, media, and entertainment industry leaders should consider three key strategic opportunities both to recover from the COVID-19 crisis and to boldly position themselves to thrive in the future: Download a PDF of the full report to learn more about the impacts of media industry trends, key actions to take, and critical questions to ask. The report also digs in to how smartphone first consumers make their first contact with news content. And despite the efforts of publishers to retool for ‘subscription first’ models, the total number of consumers paying for news has remained fairly static for the last six years. “We are seeing a significant, if relatively modest, shift towards mobile news aggregators”. Increasingly polarized politics and a high profile backlash against ‘fake news’ make it a hard environment in which to build trust. 6 Key Tech Trends in the Media and Entertainment Industry 1. British respondents said that they avoid the news because it makes them feel powerless or negatively affects their mood. See Terms of Use for more information. This is one of the media industry trends that looks pretty positive: “One consequence of this concern seems to be a greater awareness and affinity with trusted news brands. All this surrounds a single thing on which everything depends – data. Growth is only really happening in a small handful of countries – especially in Scandinavia. If this trend continues and consumers become more open to the idea of paying for quality online journalism – like they already are when it comes to print – it could lead to a path of sustainable growth. Advertising is becoming more intrusive, premium content is on the rise and some publishers like Politiken have started to restrict some daily content to subscribers only. What Happens Next? There’s no doubt that the rise of podcasting is a media industry trend that will have a great impact over the next few years. Global M&A Industry Trends in Technology, Media & Telecommunications. “The average almost never exceeds one, regardless of what group you look at. Many publishers like Republik and De Correspondent have launched “slow news” initiatives and others are focusing on solutions-based journalism like BBC World Hacks and HuffPo. Media & Entertainment Business Key Market Segments There’s no doubt that the rise of podcasting is a media industry trend that will have a great impact over the next few years. The report goes on to suggest that the swift adoption of voice activated speakers like Google Home and the Amazon Echo is helping to fuel the growth of Audio content. Last year, a digital media trends survey of 2000+ US consumers found that 69% of respondents subscribed to at least one streaming video service. The media and entertainment industry consists of film, print, radio, and television. Fullwidth SCC. Industry Trends; Industries Aerospace and defense Automotive Chemicals Consumer markets Entertainment and media Financial services Health Industrials Metals and mining Oil and gas Power and utilities Public sector Technology Telecommunications Transportation. … 10 Important 2020 Social Media Trends You Need to Know. The value of the entertainment and media market in the United Kingdom (UK) has been increasing since 2013, reaching over 62.8 billion British pounds in 2017. Take a look at what we believe are the key social media marketing trends for 2020 that marketers need to be aware of in order to ensure their marketing strategy is up-to-date and as effective as possible. You'll take away action points for your social media team to run with for 2020, and learn how industry experts have been implementing new tactics for their marketing strategies. This has undoubtedly raised the bar when it comes to the quality of podcast content, but as money flows into the space in the wake of mass adoption – some worry that podcasts are losing their “purity”. Due to mergers and acquisitions, individual media firms are larger than ever. DTTL and each of its member firms are legally separate and independent entities. This point matters because, depending on the way subscriptions are distributed among different publishers, it may mean that only a small handful of those that are currently available will be able to attract enough paying subscribers to survive”. ... local broadcast media in many markets will be increasingly saturated with political ads—and increasingly expensive. Despite a lot of effort spent driving up alternative revenue sources, and readers seeing more paywalls than ever over the last year, the report shows that these efforts have met with mixed results. “This year’s report comes against the backdrop of rising populism, political and economic instability, along with intensifying concerns about giant tech companies and their impact on society”. Some of Viacom’s brands—such as BET, MTV and Shockwave—are a good example of how media … ; Brand examples of each trend - See how real brands are starting, or are already on board with, the trends we’ve predicted. However, the growing pains are far from over. Several large media companies are embarking on new OTT launches as they look to mitigate the effects of declining pay-TV subscribers by establishing direct-to-consumer (DTC) OTT services. © 2020. The Best WordPress Advertising Plugins for Your Site [2020], Greg Emerson on How Native News Apps Can Boost Loyalty and Engagement with the Right UX, Reporting on the Fashion and Beauty Industry through the Lens of Technology with Jill Manoff from Glossy Media, Redefining Engagement, Quality over Quantity and Saving the Internet with Mario Vasilescu from Rewordly Inc, Canvas – Convert Your Web App to Native Mobile Apps, Build Community Apps for your BuddyPress or BuddyBoss Site, Build Ecommerce Apps from Your Existing Website, Convert Your Elearning Site or LMS to a Mobile App, Convert your WordPress Site to a Native Mobile App, Continued growth of smartphones and shifts in first contact. The UK (70%) jumped the most by 12% – which could be due to the British media breaking regular stories about misinformation on social media along with a well publicised parliamentary inquiry into the issue. It’s clear that podcasts are having their moment, and they’ve revolutionised a format that’s been relatively static for a generation. Het gaat goed met de digitale industrie en dus ook met bureaus die zich richten op social media. News publishers have invested heavily in podcasting over the last year, with many big brands like The Guardian, The Economist, Politiken, Washington Post … In the US however. Among smartphone first Americans significantly less (20%) access first through news apps, favouring social media (43%), aggregators (11%) and email (8%) when compared to the British. rise of podcasting is a media industry trend, challenge the culture of free in the audio medium. We can see significant differences at a national level. The road forward will be a challenging one – with publishing one of the key industries disrupted by the digital revolution – but with so much talent working toward such a vital goal there is surely a pathway to sustainable, quality and profitable journalism within reach. If we take a look at how attitudes have changed over the last few years though it seems like a growing trend. As we’ve seen, the subscription model has met with mixed results, but it’s still early days and a shift in consumer behavior is possible over the coming years. Loyalty and direct communication with audiences will remain key – so we can expect a gradual build up of more immersive experiences like podcasts, live events and native apps. That’s the key finding of PwC’s annual “2018 Media & Entertainment Outlook,” which projects that industry revenues will reach $792.3 billion by 2022, up from 666.9 billion in 2017. Home » Blog » Six Key News Media Trends to Watch in 2020. With the mass of free content of varying quality online, the industry is looking to new ways to cover the significant cost of high quality journalism. These trends may relate to price, cost, consumer purchasing, marketing, manufacturing, sales methodology or any number of other areas. In the US, paid news consumption has remained stable at 16% after strong growth in 2017. The media industry was among the first to encounter and successfully navigate the spate of digital disruptions. What You'll Learn. The top 10 media and entertainment companies are The Walt Disney Company, 21st … Although Google News, Flipboard and others drive traffic directly to publishers – others like Apple News publish full stories in exchange for revenue sharing. News reaches two-thirds (66%) of smartphone users in Japan each week, Naver reaches 73% of smartphone users in South Korea, while Line Today reaches 47% of our Taiwanese sample”. News organisations have been on the front line reporting on these trends, and have inevitably been disrupted by them in turn – adding to the already tumultuous decade inflicted on the media by the digital and mobile revolution. Digital transformation is revolutionizing every industry. Companies in the digital media industry can improve their engagement with consumers by keeping abreast with the latest trends and technologies in the industry which in turn can also help in transforming their business operations. Many emerging markets in China, Eastern Europe, India, Latin America and the Middle East will continue to experience double digit growth to 2012 and China now dominates the Asia-Pacific market with a larger market than Japan. Others fear the emergence of subscription fatigue”. Events, my dear boy, events? “The most striking aspect of podcast consumption is the appeal to younger people”. In our social media analysis for our Consumer Trends for 2020 report, we found that one of the best ways a network could generate buzz around a TV show would be to cancel it. OTT launches. Nic Newman, Research Associate at Reuters Institute for the Study of Journalism, explores the issues of trust and attitudes to news media uncovered by the report. The technology industry in 2020 and beyond October 30, 2020 – McKinsey senior partners Brendan Gaffey and Lareina Yee share their perspectives on how … Acceleration of digital trends and technology is creating optimism among dealmakers. Explore the 2021 media and entertainment industry outlook, Principal | US Tech, Media & Telecom Leader, US Telecommunications, Media & Entertainment Lead, Telecommunications, Media & Entertainment, Deloitte's Digital Democracy Survey has a new name, Renewing the focus on customers’ needs by taking a more nuanced approach to customer engagement, Converging and remixing entertainment experiences through new service offerings and entertainment bundles—and by adopting new strategies that can enable business agility, Repositioning to monetize advanced wireless networks through new products, services, and business models. The M&E industry will grow at a CAGR of 13.5% during FY19–FY24. In the United States, Deloitte refers to one or more of the US member firms of DTTL, their related entities that operate using the "Deloitte" name in the United States and their respective affiliates. 1: The Streaming Wars Commence Are these the SVOD Services you are looking for? Entertainment and media industry trends and analysis Digital transformation is redefining the entertainment & media industry, as consumers demand user-driven experiences. The report also explores who listens to podcasts and how. @ 2020 Fifty Pixels Ltd. MobiLoud® is a registered trademark of Fifty Pixels, registered in the European and U.S. Patent and Trademark Office. Trust in news found through social media and search is even lower. Even in this demographic, the majority only pay for one subscription – this is leading to a winner takes all dynamic and doesn’t bode well for smaller publishers. What is causing this? The move signals an attempt to maximize the cost of operations by canceling out cable and satellite royalties. Digital transformation is a continuously evolving beast that enterprises have to tame over and … The media industry as a whole has seen four broad developments (Croteau, 2001): 1) Growth. Social media is a dynamic and competitive space, and these trends can help you ace your social media game. Video Streaming. Taking action against systemic bias, racism, and unequal treatment, Key opportunities, trends, and challenges, Go straight to smart with daily updates on your mobile device, See what's happening this week and the impact on your business. Social media isn't going anywhere. DTTL (also referred to as "Deloitte Global") does not provide services to clients. Despite the lukewarm growth of the total amount of people paying for any news, a positive finding is that most payments are now ongoing while one-time payments have stagnated. “Business models are still emerging but the evidence in this chapter about the underlying drivers of this change suggest we are a long way from reaching peak podcast”. These are some of the trends that will dominate the social media landscape in 2021 and beyond. 2021 media and entertainment industry outlook has been saved, 2021 media and entertainment industry outlook has been removed, An Article Titled 2021 media and entertainment industry outlook already exists in Saved items. Here are nine trends and issues that will influence publishers, content creators, media companies and brands in 2020 and beyond. Vox has built a great reputation with this and is popular with younger audiences craving a deeper understanding and perspective. Avoidance is up 6% overall…….. Regardless of how you influence business decisions, the Outlook can help you understand industry trends so you can capitalise on … Audio in particular looks promising, with the younger generations turning to podcasts as a way to stay informed while at the gym, on public transport or while relaxing in their homes. Please see www.deloitte.com/about to learn more about our global network of member firms. Media is a pretty large term that encompasses many different businesses and industries, many of them interrelated. The large scale Global Media Processing Solutions Market research report recognizes and analyses the emerging trends along with major drivers, challenges and opportunities in the market. 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. Get this free report and never miss another great article from Social Media Examiner. Industry Top Trends 2020: Media and Entertainment S&P Global Ratings November 19, 2019 5 Key risks and opportunities 1. This has lead to a “pivot to paid” – publishers increasingly shifting focus toward membership products, subscriptions, donations and other ways to financially support quality journalism without relying on unpredictable platforms or the increasingly tough advertising business. Media Industry Current Trends Growth peaked in 2007-2008 and is expected to slow in most … Mobile notifications are showing the real growth though – rising from 3% to 20% in the UK and from 6% to 19% in the US over the last five years. New digital processes are changing how media is created, distributed and monetized. News aggregation is nothing new, but seems to be growing in 2019 – with the 2018 relaunch of a more AI driven Google News, the continued success of Apple News, and the integration of aggregation tools like Upday and Flipboard into Android’s core OS. He goes on to note that large organisations like the New York Times, Financial Times and the Guardian have had some growth and demonstrated the viability of alternative revenue models. Media Industry Current Trends Growth peaked in 2007-2008 and is expected to slow in most markets through 2009 and 2010 before picking up again. A podcast by our professionals who share a sneak peek at life inside Deloitte. Social media trends are constantly evolving, and it's essential to stay up-to-date with them. An impressive 36% of the report’s sample said they’d listened to at least one podcast in the last month, a jump of 2% from 2018 – and nearly half (15%) of podcast consumers listened to one about news, politics, or international current events. Leverage these trends to your advantage and stay ahead of your competitors. They’re also a force in European countries – with mobile aggregators claiming significant portions of the Italian (17%), Norweigan (18%) and Swedish (12%) markets. Traditionally, the media industry focused on creating content and optimizing distribution, but today many companies are automating this, digitizing catalogs and inventories, launching new rights management systems and writing algorithms to create content. Social media has now become synonymous with digital marketing, going hand-in-hand with most – if not all – digital campaigns. Publishing Publishing books, magazines, newspapers, comics, references, blogs and research in both paper and digital formats. This has the potential to spark a huge outpouring of love and sadness from devoted fans, who’ll often club together to make their displeasure at such a decision known. This suggests that there could be room for growth in the news app space for US publishers, especially if the overall trend toward mobile continues. Let’s take a look at six key trends unearthed by the report. Among those who self-identify as being on the left of the political spectrum, we see an increase in trust levels of 18% – as they rally behind liberal media outlets under the Trump administration. As media and entertainment companies move to make digital content accessible, consumers are demanding greater access to data to carry that content. Six trends, however, highlight new opportunities as well. By contrast, mobile notifications tend to be used by younger groups”. One of the most transformative tech solutions in the past few years, AI has been used in numerous ways to improve customer experience and streamline business operations. Read this full article to find out the latest trends in the digital media industry. Deloitte refers to one or more of Deloitte Touche Tohmatsu Limited, a UK private company limited by guarantee ("DTTL"), its network of member firms, and their related entities. We can see stark differences here between the two major Anglosphere markets. A significant portion of the global audience is becoming more discerning about what kinds of news they interact with, and are becoming more critical news consumers. The loss of control and prospect of revenue cuts are especially troublesome when taken against the backdrop of other woes facing the industry. Downloading Digital Music. Here are 10 social media trends that will matter most to marketers, brands, and businesses in 2020, according to 34 experts. Emerging trends. News publishers have invested heavily in podcasting over the last year, with many big brands like The Guardian, The Economist, Politiken, Washington Post and others launching daily shows in 2018. As broadcast media trends evolve While the industry is constantly changing, the core value and responsibility of broadcasting remains the same—to educate and inform viewers. Trust is a key issue. Check out the report for a treasure trove of insights. 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