Monday 13 January 2014

New and Digital Media Article 3: UK entertainment spending increasing

http://www.theguardian.com/media/2014/jan/01/uk-entertainment-spending-film-music-streaming

Skyfall

The article states that the UK entertainment spending has increased thanks to the rise of online streaming of music and movies from Netflix, LoveFilm and iTunes etc.

streams and subscriptions rises to £621m, and number of tracks streamed doubles to 7.4bn

Online streaming fuelled a 40% increase in spending on digital videos with downloads

The change to digital viewing led to more than 6.8% fall in the sales of physical DVDs to £1.4bn, reversing a five year decline in total video sales, which managed 3.7% growth to £2.06bn last year

Skyfall was the biggest-selling DVD in the UK in 2013, shifting 2.96m copies

My opinion on this is that streaming has opened up a more convenient and cheap way for consumers and customers to buy certain products such as a movie or a song. However, this idea of streaming has led to an increase of illegal downloading and illegal streaming. So even though the sales have risen in the long term the businesses will be affected as they would be losing potential sales 




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