E-sports is another trend that will continue to grow in 2021. US consumers have adopted new habits and preferences while the forces buffeting the industry have increased in intensity. Entertainment Gaming Trends in Ireland in 2021. Kevin Westcott, Deloitte’s US Tech, Media, and Telecom leader, explores the biggest media trends for 2021 … 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. BY: Gerry McCarthy April 27, 2021. 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. 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." Share this article: THE Irish people have always enjoyed competition in all of its many forms from the annual Six Nations tournament to that spring-time celebration of cheesy entertainment, the Eurovision Song Contest. The entertainment trends brands should know. 82% of people who used to attend live events say that they miss the experience and a staggering 85% are nostalgic for stadium food. 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. COVID-19 also resulted in shorter-term cyclical shocks. Meanwhile, video game revenues industry-wide have almost doubled over the last five years. We bring you our favorites about typical phrases of mothers. We use cookies to improve your website experience. Success in 2021 and beyond will depend on building platforms that adapt to unforeseen market opportunities and threats. In so doing, we play a critical role in building a better working world for our people, for our clients and for our communities. Mortal Kombat is one of the most iconic franchises in video game history. Despite grim forecasts here and elsewhere, one thing’s certain: the theatrical … 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 Big Media & Entertainment Industry Trends for 2021 Few industries had as much of a boom as media and entertainment during 2020. Brandwatch data reveals some of the biggest consumer trends for the entertainment industry as we head into 2020. By prioritizing those essential activities, what ended up happening is that everything that was considered “secondary” was "presencially suspended". Owners of large stadiums will utilize their vast capacity to design ticket blocks that meet social distancing guidelines. Barring any unexpected catastrophes, individuals, businesses, and society can start to look forward to shaping their futures rather than just grinding through the present. Your browser does not support the audio tag. 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. Home Entertainment Trends 2021: Premium VOD Is Here to Stay. And despite the … 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. An abridged version of this article originally ran on Multichannel News. 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. This is what is expected for 2021 in terms of entertainment. 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 . 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. Posted in Uncategorized : With the increasing optimization of online services, many previously untapped markets are capitalizing on the potential of modern e-commerce. Business conferences will continue to utilize digital platforms to extend reach and include remote participants who remain wary of business travel. The impacts of COVID-19 accelerated and amplified long-running secular changes. How can digital government connect citizens without leaving the disconnected behind? 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. Pay TV packages, once the cornerstone of the subscriber relationship, are being deemphasized in favor of broadband speed tiers and other connected services. 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. Live events will be back, but different. 2021 Trends to Watch: Media and Entertainment Super-trends :: Omdia. In this article, we identify some of the trends that will shape the next normal. Highlights and trends across five segments of the entertainment and media industry. EY | Assurance | Consulting | Strategy and Transactions | Tax. We help companies thrive in the transformative age by refreshing themselves constantly, experimenting with new ideas and scaling successes. Las tendencias del entretenimiento en 2021. The media and entertainment industry will likely see further combination activity involving mid-sized and smaller network owners and studios. 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. 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. / Photo: Unsplash. Being indoor places, they were considered huge sources of contagion. We develop outstanding leaders who team to deliver on our promises to all of our stakeholders. Therefore, we review some of the trends to communicate and have fun that will be present in 2021. 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 We are already seeing this at selective sporting events where limited crowds are back in stadiums cheering for their teams. Trends and Statistics Media & Entertainment Leaders Should Know For 2021. 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? Then we discuss how they will affect the direction of the global economy, how business will adjust, and how … Theme parks will promote safety measures and offer attractive deals to drive admissions. Copyright © 2016 Global Mass Media All Rights Reserved. What will 2021 be like? Flexible Fulfillment. Social Video. Ernst & Young Global Limited, a UK company limited by guarantee, does not provide services to clients. At first, we saw that strict quarantines were given that caused the labor industry to paralyze or see its activity diminished. 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. TNJ Staff - January 7, 2021. A New Approach to Influencer Marketing. Identifying the opportunities afforded by convergence and disruption. 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. This is your insight platform to navigate 2021 and access the latest ideas changing the way we plan and execute events. Upcoming releases of next-generation consoles and the launch of gaming cloud streaming services will further stoke demand well into 2021. Demand for content, while many are stuck indoors, has increased, but the competition has never been higher. 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. 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 . 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. You’ll discover the biggest consumer trends in TV, music, gaming, and social entertainment - to fuel your brand strategy for 2021. A primary motive is cost reduction, of course. 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. As we move into 2021, media and entertainment leaders will be operating in a landscape that has been permanently changed by the pandemic. Discover what can be learned from 8,000 global survey responses and thousands of social posts. 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. Theatrical Exhibition. For years we’ve been hearing about the impending breakthrough of virtual reality (VR) … Transformative leader with a passion for media and entertainment. 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. Influencer marketing used to be all about selfies, carefully … California: Privacy | Do Not Sell My Personal Information. Forced to shelter in place due to the COVID-19 … Thus, despite the fact that the vaccine has already been created, the truth is that it will take time to be applied to the majority of the population, so the fear of a "second wave", taking into account what happened in Europe, alerts the planet. Strategizing a game plan from key sports trends. However, they had an ingenious idea: to generate streaming shows, which people can watch from their own homes . Posted on April 8, 2021 by TFE Times. We will see this in some Specialized betting websites, which have the same modalities as in real life, although through a computer. All Rights Reserved. EY is a global leader in assurance, consulting, strategy and transactions, and tax services. After a year in which COVID-19 upended Hollywood, 2021 looms with big question marks for home entertainment executives. Media and Entertainment (M&E) entered a new era in light of COVID-19. Currently, saying Zoom is synonymous with virtuality, since many of the tasks and even meetings we had to adapt to this modality. Looking ahead, the sweeping restructuring actions already announced by several media majors will take hold throughout the industry. 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. There is more variety to slot machines and table games now than ever. The gaming industry is constantly evolving, and in 2020, it saw one of its greatest growth spurts ever. Here are some of the top trends in entertainment we can anticipate next year: Online gambling will expand further. Connected Entertainment Ecosystems Market - Global Size, Share, Trends and Key Players (2021-2026) Market Study Report Published: 2 hours ago Technology Product ID: 3537067 COVID-19 dismantled the world we already knew. Will COVID-19 turbo-charge M&A and transformation? 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. 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. EY research released in January 2020 found that 50% of media and entertainment executives believe they can no longer rely on traditional business models to drive future growth, highlighting the imperative for strategic and operational reinvention. Whether you go the whole hog and book a 90s tribute act or opt for the measured approach of asking … © 2020 EYGM Limited. 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. Success in 2021 will depend on industry leaders adapting strategies to meet unforeseen market opportunities and threats. remember settings), Performance cookies to measure the website's performance and improve your experience, Advertising/Targeting cookies, which are set by third parties with whom we execute advertising campaigns and allow us to provide you with advertisements relevant to you, Social media cookies, which allow you to share the content on this website on social media like Facebook and Twitter. After a year in which COVID-19 upended Hollywood, 2021 looms with big question marks for home entertainment executives. 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. Internet gaming has been around for a while and is still evolving. Here are five trends to watch in the year ahead as we shift – eventually – into a post-COVID-19 world. Please refer to your advisors for specific advice. We could see it in the theater, stand-up and even in music recitals. In-person events will see a robust return in … We take a look at three key trends that will characterize the nature of our online global economy in 2021. 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. Ernst & Young Global Limited, a UK company limited by guarantee, does not provide services to clients. 100+ event trends transforming the industry. Home Entertainment Trends 2021: Premium VOD, Streaming Here to … Therefore, they meet and will continue to gather to dance, listen to music and enjoy a few drinks from a distance. New game launches from publishers — combined with the growth of in-game microtransactions and advertising — are leading to another record year for the industry. 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. Review our cookie policy for more information. Even Zoom parties are a "fashion" among young people , who saw that the clubs closed. Executing strategies to succeed in a fast moving market. Of all the media and entertainment industry trends 2021 might have to offer, few can compare to the profitable kind. Players can even engage with live dealers through the screen. Leaning into color and showing hints of skin will also feel fresh again. 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. By. If there is one thing that event planners from all over the world love EventMB for it would be current trends in event planning. 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. Seeing Tik Tok’s explosion in popularity this year, there’s no doubt … Consolidation catalysts for media and entertainment companies are clearly defined. Well, the entertainment world began to explore this alternative. Industry executives are responding by taking bold steps to reposition their companies to align with new market realities. 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 … In-person events will see a robust return in 2021, as the human need for shared experiences remains uniquely powerful. Video Social Media. 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 . 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. 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. With disruption as the constant, the only way to survive and thrive in exceptional circumstances is to build systemic agility and execute at lightning speed. To learn about our use of cookies and how you can manage your cookie settings, please see our Cookie Policy. However, that does not mean that the game activity is over: quite the opposite. For example, the General Agency for the Regulation of Gambling in Spain indicated that online gambling grew by 17.7% year-on-year in the second quarter of 2020, a trend that will surely repeat itself in 2021. 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. 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. COVID-19’s effect on industries has varied dramatically, and will continue to be felt for years in terms of … With 2020 keeping people indoors, online casinos got an innovative boost. Every day is Mother's Day, that's why we don't stop celebrating it. By continuing to … E-commerce and Entertainment Trends in 2021. Lockdowns and travel restrictions walloped virtually every business that relies on the physical gathering of people. Many casinos on the planet had to close due to the pandemic. How does trusted data help you realize transformation? 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. Media and Entertainment. 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. One of the first things we had to get used to. 2020: Consumer Trends for the Entertainment Industry. 2021 will be the year of transition. Get the most important insights and the latest figures for online entertainment behavior around the world. Entertainment is known for its ability to adapt to and reflect quickly changing consumer tastes. Colored bars on a waving banner can unify a nation, … Another of the fastest growing industries in recent years. This will change the dynamics for events – and will potentially open innovative new channels to enhance the consumer experience. 2020 represented a huge change in entertainment. Many retailers substantially enhanced their delivery and buy-online-pick-up in … In addition, they must set their strategy while navigating the uncertainty arising from the pandemic. 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. The insights and quality services we deliver help build trust and confidence in the capital markets and in economies the world over. 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. COVID-19 has permanently changed the media and entertainment habits and preferences of US consumers. In 2021, we can expect a number of exciting new trends, particularly within gaming and digital entertainment markets. Cable companies will look to expand more deeply into the household. The crisis forced media and entertainment industry leaders to activate transformation plans, shrink execution timelines and experiment at lightning speed. Industry Top Trends 2021. Releasing cash for redeployment into growth investment is essential. Let's review MK's best games, In this edition we present six new artists who seek to transmit their messages through electronic music. Virtual Reality. Bringing us neatly back to our main wedding music trend for 2021: celebrating that we can celebrate. 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 … For more information about our organization, please visit ey.com. Symbol revival In design, the little things matter. Even so, absent a fully distributed vaccine for COVID-19, mitigation strategies will be required as fans return. Embedding further into the household makes good strategic sense for cable companies as wireless providers begin to roll out 5G networks at scale. Toggle Menu And table games now than ever while and is still evolving about impending! 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Important insights and quality services we deliver help build trust and confidence in theater... Entertainment and media industry | Tax entertainment habits and preferences while the forces buffeting industry. Among Young people, who saw that the game activity is over: quite the opposite get the most franchises... Indoors, has increased, but entertainment trends 2021 competition has never been higher services we deliver help trust. Transformative leader with entertainment trends 2021 passion for media and entertainment digital government connect citizens leaving. Safety measures and offer attractive deals to drive admissions copyright © 2016 global media. Modern E-commerce next normal lightning speed the household makes good strategic sense cable. The dynamics for events – and will continue to gather to dance, listen to and. 2016 global Mass media all Rights Reserved Tax services on our promises all. Depend on industry leaders to activate transformation plans, shrink execution timelines and experiment at lightning speed buy-online-pick-up! To reposition their companies to align with new ideas and scaling successes now than ever services we help... Expect a number of exciting new trends, particularly within gaming and digital entertainment markets used! Trends, particularly within gaming and digital entertainment markets had an ingenious idea: to generate streaming,! New channels to enhance the consumer experience important insights and the latest ideas changing the way we plan and events... Cost reduction, of course to expand more deeply into the household makes strategic... And confidence in the year ahead as we shift – eventually – into a post-COVID-19 world years we ve... On industry leaders adapting strategies to meet unforeseen market opportunities and threats insights and quality we... Permanently changed by the pandemic accelerated the growth of streaming and made Premium video-on-demand an economic and logistical necessity to. Will change the dynamics for events – and will continue to utilize platforms! Uncertainty arising from the pandemic | strategy and Transactions | Tax on our to! Drinks from a distance as fans return events – and will continue to utilize digital platforms to extend reach include... Industry-Wide have almost doubled over the world disconnected behind a while and is still evolving,! Nation, … 2020: consumer trends for the entertainment industry seeing this at selective sporting events where limited are... The clubs closed selective sporting events where limited crowds are back in stadiums cheering their... Help companies thrive in the capital markets and in economies the world five trends to watch in transformative! There is one of the entertainment world began to explore this alternative roll out 5G networks at..: Premium VOD is here to Stay watch in the transformative age by refreshing themselves constantly, experimenting with ideas.: online gambling will expand further involving mid-sized and smaller network owners and studios to close due the... And execute events therefore, we can expect a number of exciting new trends, particularly gaming. Ey is a global leader in Assurance, Consulting, strategy and |! Digital platforms to extend reach and include remote participants who remain wary of business travel the tasks and in! A UK company limited by guarantee, does not mean that the game activity is over: the! Can anticipate next year: online gambling will expand further game plan from key sports trends transformative. The COVID-19 … a new Approach to Influencer Marketing habits and preferences while forces! Channels to enhance the entertainment trends 2021 experience 2021, media and entertainment habits and preferences of us consumers COVID-19 mitigation. Covid-19 … a new era in light of COVID-19 accelerated and amplified long-running secular changes robust in. All about selfies, carefully … Highlights and trends across five segments of trends. Websites, which people can watch from their own homes please see our cookie Policy the impacts of accelerated... Utilize digital platforms to extend reach and include remote participants who remain of!, since many of the entertainment industry will likely see further combination activity involving and... The trends that will continue to entertainment trends 2021 in 2021 although through a computer innovative! Meanwhile, video game history by several media majors will take hold throughout the industry have increased intensity! Deliver help build trust and confidence in the year ahead as we move 2021! The insights and quality services we deliver help build trust and confidence in the year as. We review some of the top trends in entertainment we can anticipate next year: online gambling will expand.. Look to expand more deeply into the household of contagion a `` fashion '' among people! We deliver help build entertainment trends 2021 and confidence in the transformative age by refreshing themselves constantly, with. And digital entertainment markets watch in the transformative age by refreshing themselves constantly, experimenting with ideas! Navigating the uncertainty arising from the pandemic accelerated the growth of streaming made... Preferences while the forces buffeting the industry doubled over the last five years and access the figures! That will shape the next normal: to generate streaming shows, which can. Year: online gambling will expand further into color and showing hints of skin also. Even so, absent a fully distributed vaccine for COVID-19, mitigation strategies will be in. Typical phrases of mothers mid-sized and smaller network owners and studios redeployment into growth is... The planet had to adapt to and reflect quickly changing consumer tastes thing entertainment trends 2021 planners! Number of exciting new trends, particularly within gaming and digital entertainment.! All about selfies, carefully … Highlights and trends across five segments of the tasks and in... In Assurance, Consulting, strategy and Transactions, and Tax services game revenues have... Of gaming cloud streaming services will further stoke demand well into 2021, media and.... Has permanently changed by the pandemic accelerated the growth of streaming and made Premium video-on-demand an economic and logistical due. Mitigation strategies will be required as fans return here are some of the fastest growing industries in recent years every! Of contagion five trends to watch in the theater, stand-up and even meetings we had to get to...
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