The Future of the Entertainment Industry Beyond 2020

Opinions expressed by Entrepreneur contributors are their own. This year has been a very impactful year for businesses in every industry, and the entertainment industry is no exception. With theaters closing their doors, film sets going on indefinite delays, and halls, stadiums and other event centers staying under lock and key, it’s safe to say that no sector of the entertainment industry has been left unscathed. The good news, however, is that just as other industries are finding ways to return to a semblance of normality or innovating new approaches to continue operations, the entertainment industry also has prospects for the future. Here are some of the most important ways the entertainment industry could change going forward. Streaming Many aspects of the entertainment industry relied on physical attendance at events to bring in the profits. This included movie theatres and concerts, which brought in the most amount of money for many actors and musicians respectively. Now, those events have become difficult to organize because of the various restrictions on public gatherings and movement from place to place internationally and even within countries. The approach many players in those sectors have taken is to begin to push their focus toward […]

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