Entertainment and Technology Are Converging

Trends and change are constant in the entertainment and technology industries, the biggest of which is their convergence. 

Hollywood remains behind the curve in terms of regaining film production, embracing AI, and accepting the movie industry's mergers. 

AI will dramatically change how movies and TV shows are produced. Entertainment companies must realize that a sea change is imminent. The consumer has become the fan, and entertainment companies are pursuing loyal, 'sticky' supporters.

The entire entertainment industry has entered a volatile period, with the impact of AI (and how fast it is advancing) and the merging of large entertainment giants, like Sundance's purchase of Paramount and now Paramount's purchase of Warner Bros. 

Another force at work is the continued rising expense of entertainment for the consumer. The consumer has 'subscription fatigue'. The continued rise in monthly costs for streaming content, fees for non-advertising viewing, and the redundancy of content on various channels have forced users to select which services and platforms to subscribe to. 

Changes in entertainment production and the user becoming a fan are the two major trends that the overall entertainment industry has to cope with and embrace if it is to move forward. Technology is going to play a major role in that change.