0
0
The home entertainment industry is changing at an exciting pace. In the past few years alone we’ve seen the rise of virtual reality (VR) technology, 4K HDTVs, and even smart TV sets. These advancements have all come together to create a future where sitting down with your favorite movie or TV show isn’t the only way to experience it. With the advent of cord-cutters looking to ditch cable altogether, traditional ways of watching television are no longer exclusive to those who still have a pay television subscription. In this article we take a look at the future of home entertainment and what you should know about it.
What is the home entertainment industry?
Well, the short answer is that we’re still figuring out the definition of “home entertainment.” You can expect to see a lot of heat coming down in the next few years as the industry begins to define itself more clearly. But for now, we can all agree that the concept of sitting down at a TV with an entertainment system, a drink, and whatever else you’d like to watch is unlikely to change.
How Does Home Entertainment Work?
The home entertainment industry is made up of a number of different segments with different selling points. Home video sales, for example, are the mainstay of the industry and are generally the fastest growing segment. But home video isn’t the only way to sell entertainment. There are also entertainment channels that air programming exclusively related to cable TV subscribers. These channels, sometimes called “skinny cable” services, are cheap and easy to use, but don’t offer the same range of channels that full cable providers do.
Well, the short answer is that we’re still figuring out the definition of “home entertainment.” You can expect to see a lot of heat coming down in the next few years as the industry begins to define itself more clearly. But for now, we can all agree that the concept of sitting down at a TV with an entertainment system, a drink, and whatever else you’d like to watch is unlikely to change.
How Big Is the Home Entertainment Industry?
According to research, the U.S. home entertainment market is worth around $30 billion, which means that it’s big enough to support a few big players. The big question is: Who are the big players? To answer that, we need to take a look at the landscape of the home entertainment industry. The Top 10 Home Video Retailers in the U.S. The first thing we need to take a look at are the top players in the home video retail business. As you’ve probably gathered from the list above, this includes companies like Best Buy, Walmart, Target, and Amazon. Why these companies? Because they have the best selection and deals on home video, and they all sell the same types of products, including dvds, Blu-ray discs, and digital downloads. Beyond that, we need to keep in mind that the home video retail industry is highly fragmented, with many different vendors selling different types of products at different price points. To make things even more complicated, these different vendors operate under a variety of different brands, meaning that you could choose to buy a Blu-ray disc from Best Buy, for example, and get it inscribed to one of the many different versions of the same person.
What’s Next for Home Entertainment?
Home entertainment is experiencing rapid growth, and it’s expected to keep growing for years to come. Although the industry is changing, the overall path forward for home entertainment remains relatively stable. Consumers are expected to increasingly rely on digital video, as traditional media and online content are increasingly competitors. And in an increasingly digital-only society, traditional ways of consuming television are likely to become increasingly difficult.
Final Words
So, what’s the future of home entertainment? We’re still figuring that out. But one thing that’s for certain is that what you’re experiencing right now won’t be the only way to watch television in the future. In fact, the future of home entertainment may hold even more change than we expect. With the advent of VR and 4K technologies, as well as the rise of cord-cutters, there’s a good chance that traditional ways of watching television will become less common. In the process, we may even witness the end of the so-called “prime time” television schedule. Whatever form that future takes, we can be sure that it will bring disruption and innovation to the home entertainment landscape.
