By: The BitMar Team.
In recent years, there has been a significant shift in the way in which young people consume entertainment. The rise of the streaming generation has completely transformed the way in which we watch TV, and movies. In 2020, the global video streaming market size was valued at over $50 billion, and it is expected to continue growing rapidly, in the coming years. According to a report, by Business Insider, young people are the primary drivers of this growth, with nearly two-thirds of Millennials, and Gen-Zers, subscribing to – at least – one streaming service.
Convenience is one of the key reasons for the rise of streaming. With streaming services, users can watch their favorite shows, and movies, at any time, anywhere, and on any device. This has made it easier for young people to consume content on their terms; without having to rely on traditional TV schedules. According to a study, by Deloitte, 55% of young people now prefer to stream TV shows, and movies; instead of watching them on traditional TV.
Another factor driving the growth of streaming, is: the abundance of high-quality content available on these platforms. Streaming services are investing billions of dollars in original content, and the competition between them has resulted in a golden age of Television. There is always something for everyone, on these platforms.
The rise of streaming has also had a significant impact on the traditional TV, and movie industries. With more young people cutting the cord, and ditching Cable TV, traditional networks, and studios, are being forced to adapt to the new reality. Many networks are launching proprietary streaming services to compete with already-established streaming platforms, while movie studios are experimenting with new release models that cater to the streaming generation.
Despite the many benefits of streaming, there are also concerns about its impact on our society. Some experts worry that the abundance of on-demand content is leading to a culture of binge-watching, which can have negative effects on our mental health, and wellbeing. Others worry that the rise of streaming is contributing to the decline of traditional movie theaters, which have struggled to compete with the convenience, and affordability, of streaming services.
In conclusion, the rise of the streaming generation has completely transformed the way in which we watch TV, and movies. Young people are driving this growth, with their preference for convenience, and high-quality content, shaping the future of the entertainment industry. While there are concerns about the impact of streaming on our society, there is no denying that streaming has ushered in a new era of entertainment that is here to stay.
Currently, next-generation streaming platforms – like: BitMar – may provide you the most affordable form of on-demand streaming entertainment. BitMar provides all-in-one streaming service, for life, for a one-time payment, of: $99.99 USD. It can connect you to millions of on-demand movies, TV shows, channels, videos, and songs (from many different sources on the Web), on the screens that you already own. In fact, BitMar provides access to more movies, and TV shows, than: Cable, Satellite, Netflix, Disney Plus, Max/HBO Max, Amazon Prime Video, Apple TV+, Peacock, and Hulu – combined – and more songs, than: Pandora, Spotify, Amazon Prime Music, and Apple Music—combined. You may learn more, at: BitMar.com.