Question: Respond to the posting adding an additional INSIGHT or RECOMMENDATION for research or direction to investigate. Advise your peers as professional colleagues using articles, ideas
Respond to the posting adding an additional INSIGHT or RECOMMENDATION for research or direction to investigate. Advise your peers as professional colleagues using articles, ideas or insights - not just feelings. Please include links or citations for post.
Paramount Global Strategically and the near future of Entertainment.
Whats going on (the dynamics) within the entertainment production industry, meeting the needs of customers.
Top key points uncovered - brief analysis and why it matters.
Industry's growth rates- IBISWORLD, Movie making industry outlook 2022 2027 1. As the industry changes from silver screen to small screen major funding will be concentrated on franchises and mega hit movies that tend to produce sequels and prequels. 2. As the global per capita income worldwide increases so will entertainment demand, encouraging industry expansion.
Industry concerns- IBISWORLD 1. Technological advancement will streamline editing, reducing necessary jobs 2. Distribution will require less effort, reducing necessary jobs 3. Piracy issues. 4. Global Movie Production and Distribution industry is currently in the mature stage of its economic life cycle, characterized by slow growth rates, market acceptance and static product offerings. 5. Lack of industry innovation. Last big one being 3D screens. Yikes, that was a long time ago.
Why this matters. As written in report offered by IBISWORLD, Industry growth has slowed, however, there will still be significant demand as global populations become more wealthy and able to afford technology and enjoy entertainment. There is still significant financial investment in entertainment. Revenues are projected to increase, albeit slowly. And behind global economic growth. Meaning- significant financial investments may be harder to acquire.
Key opportunities- according to ABI INFORM / PROQUEST, there is developing growth in industries related to entertainment production. Here are the highlights. 1. Post production growth into the billions due to the success of movies and television 2. Animation industrys offering enormous growth 3. Paramount + advancement in EU markets 4. Paramount global to use cloud services to transform video content. 5. Paramount global/Viacom/CBS to acquire 49% of MIRAMAX Award-winning film library.
Why this matters. Post production and animation industry development requires new talent, therefore there will be job opportunities. However technical skill will need to be advanced. There will be marketplace adjustment to facilitate the new growth. Growth upon growth. As Paramount global and Paramount + advance into European Union markets and transform their content to be streamed more efficiently and acquire new content to offer their subscribers they intensify interest in the Paramount brand.
Trends and factors going forward for the next 3-5 years- Streaming - Cultivating distinct audiences - Tech advancement - MINTEL 1. Paramount + Is strategizing its efforts to acquire and offer as much content as possible. 2. Its tailoring its streaming services to target specific audiences. 3. Trending into the MetaVerse, as small screens become more relevant, home electronics become more meaningful and advanced. 4. Continuous technological advancement will require planning and investment.
Why this matters- These are meaningful findings. As content acquisition, streaming services and tech advancements like virtual reality become the focus of investment, the home entertainment experience demands consideration and planning. It is a territory that will continue to prove profitable. Consumers did not decide to spend money on tech simply because they found themselves with more of it; their extra time at home made them want to improve those spaces and consumers who started making their homes more comfortable by making them smarter will be more open to additional smart home products.
Impressive investors- EBSCO- BUFFETT DOUBLES DOWN ON PARAMOUNT 1. Paramount is the only pure-play entertainment company on Berkshire's list. Berkshire now owns more than 91 million Class B shares in Paramount, making it the largest outside investor, holding about 15 percent of the company's Class B stock, worth about $1.7 billion as of market close.
Why this matters- Nostalgic American Movie lovers like me want to believe that Warren Buffett is being fatherly in his acquisition of the hallowed Paramount Institution. But realistic investment advisers argue that Buffet is primed and ready for big sale. Getting his rake ready for profits.
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