One of the most important changes in the television industry is coming up. As more and more people are turning to streaming services, general broadcasted television continues to see viewership drop each year. While we will not see an entire shift in focus within the industry, companies and producers will begin to prioritize and orient their shows and movies for streaming services like Netflix, Hulu, HBO, etc. These streaming services offer almost any tv show or movie available worldwide at the tap of a finger with ad-less options as well. The biggest advantage that these services have over regular tv is the ability to watch whatever you want whenever you want without having to plan ahead or record it.
While the physical television itself isn’t going anywhere, industry giants like DirecTV and Dish will now have to change up how they operate and what they intend to offer to their customers. The future of television is entirely consumer driven. Any company associated with television is competing with each other but also every other entertainment related industry out there as well that could take their attention away from the tv.
“There are thousands of competitors in this highly-fragmented market vying to entertain consumers and low barriers to entry for those with great experiences. Our growth is based on how good our experience is, compared to all the other screen time experiences from which consumers can choose. Our focus is not on Disney Plus, Amazon, or others, but on how we can improve our experience for our members.”
Netflix CEO Reed Hastings
Consumer experience is currently the most important aspect of the television industry. Without prioritizing the customer’s wants and needs, companies will fall behind and fail.
