I’ve realized lately the entertainment industry is undergoing a pretty radical shift.
OK, so this isn’t ground-breaking territory. But I’m seeing the implications in my daily life much more than I have before.
So there are a few ways to get entertainment content, which vary slightly depending on medium:
- Experience – You go somewhere and you experience your entertainment. This happens primarily with music and movies. You go somewhere and either watch a movie or see a concert. You’re paying for a one-time experience. I suppose this method has pre-dated all technology.
- Broadcast – The entertainment is free, but you have to watch ads. This is the commercial-supported model of TV and radio. Again, you’re only getting a one-time experience.
- Ownership – As media has become cheaper and smaller, ownership has become a relatively recent option. You can purchase your entertainment in your preferred medium and enjoy it as long as you like.
- Subscription – This is the newest model championed by Netflix and Hulu Plus for movies/TV and Spotify for music, among others. You pay a monthly fee and get access to a nearly endless archive of on-demand music, TV and movies.