The entertainment landscape has been in the midst of an evolution for some time now. Improved gaming graphics, thinner-screened televisions, and streaming services have greatly changed the way we see home entertainment today.
However, COVID-19 seems to be sending this evolution into hyper speed. More and more consumers are renting streamed movies today than ever before. Movie theater chains are closing. Consumers are staying home for fear of contracting the potentially fatal virus, and beefing up their home entertainment setups to compensate for a lack of ability to access movies and other entertainment options elsewhere.
What This Means for the Entertainment Industry
That depends on what side of the entertainment industry you’re talking about. When it comes to streaming entertainment services like Netflix (NFLX) and Roku (ROKU), the industry is doing great. These companies are benefiting as consumers look for better at-home entertainment options.
On the other hand, external sources of entertainment like movie theaters, theme parks, and cruise lines are struggling immensely. Regal Cinemas announced that it’s closing nearly 600 movie theaters across the United States. AMC Entertainment (AMC) responded by saying that it has no plans of closing its theaters down. Nonetheless, a quick look at the company’s stock price shows just how bad things have gotten for movie theaters and other sources of entertainment outside of the home.
As a result, leaders in the entertainment industry are being forced to get creative, and some interesting moves have taken place. Universal Corp (UVV) made history when it debuted its smash-hit film, Trolls World Tour, online, giving consumers access to the film on a pay-per-view basis through streaming services.
What This Means for the Consumer
For consumers, COVID-19-related evolution in entertainment is a mixed bag of pros and cons. There’s no question that having to stay home is a change that takes some getting used to. At the same time, many television shows and movies have seen delayed production, meaning that they take longer to make it to your screen. However, there are some good things that have come of this:
WiSA Provides the Missing Piece to the Puzzle
As the entertainment landscape continues to evolve, consumers have enjoyed higher definition screens and easier access to content. However, one thing missing for a true immersive experience, for most, is quality sound. At the moment, there are three major issues with immersive sound at home:
That’s where WiSA comes in.
More than 60 brands including LG, Xbox, Klipsch, Harman, Enclave Audio, and others have joined the WiSA Association, developing WiSA Ready televisions and gaming systems as well as WiSA Certified sound systems.
With WiSA, all three of the main issues mentioned above are solved:
Stay Safe, Stay Home, Stay Entertained
The COVID-19 pandemic will pass, it’s only a matter of time. In the meantime, please take necessary measures to stay safe, but while you do so, don’t accept sub-par entertainment! Enjoy the incredible innovation taking place as the entertainment landscape evolves, not just here at WiSA, but industry wide!