THE WORLD OF ENTERTAINMENT
GROWTH OF THE ONLINE STREAMING COMMUNITY
If there is anywhere in the world where magic is possible and dreams come true, it is no other than Hollywood, a place that symbolises larger-than-life world of entertainment.
The entertainment industry has evolved over the years and many of the entertainment giants have transformed by going digital. Whether we realise it or not, online streaming services have become part of our lives.
Statistic shows that more than half the population are subscribed to at least one streaming channel; The rise in demand of the movie streaming industry are shown in the numbers where the annual revenue of streaming giant – Netflix has increased from $3.1 billion in 2011 to $24.9 billion in 2020.
The global streaming market will continue to grow and it is estimated to be worth upwards of $180 billion by 2027!
