1. People are basically online junkies
The average smartphone user checks Facebook 14 times a day. And that’s just one social media platform. Between Facebook, Instagram, Pinterest, and various messaging apps, people are glued to their phones. In fact, people are expected to spend more time online watching videos, shopping, and browsing through Facebook than watching TV this year.
2. TV shows are all the rage, not movies
Just over 1.2 billion tickets were sold in domestic movie theaters in 2017, which was a 25-year low for the industry. As ticket prices keep rising and streaming platforms keep offering more options — the majority of which are TV shows and original series — the downward trend is likely to continue.
3. Movies are rented online, not at stores
Blockbuster filed for bankruptcy in 2010. Its downfall was largely blamed on Netflix, a rising star in the entertainment industry at the time. Nowadays movies are available online, whether for rent or purchase, just a couple of months after they hit the big screen — or even sooner if the movie isn’t doing well in theaters. Also, an increasing number of movies are released direct to streaming.
4. Music is streamed, not downloaded
Music streaming was around before Spotify, but Spotify is often credited with changing the music industry. The service came to America in July 2011 and the rest is history. Since then, several more music streaming services have been created, including Apple Music and TIDAL.
5. People never really leave the office
Mobile technology has advanced tremendously over the last decade. People now have the ability to check their work emails and messages as soon as they wake up — and they do. When employees are not physically at the office but are still reachable 24/7, that means they’ve never really left.