Impact of Digital Disruption on the Entertainment Industry

The current state of the entertainment industry is severely challenged by digital disruption, which has changed how audiences consume content. Many industry veterans express their relief at having concluded their careers before this transformation took full effect. Viewers now have a plethora of options, including streaming platforms, gaming, and social media, which compete for their attention and have diminished the appeal of theatrical releases. This shift has led to fewer major films being produced, with legacy studios struggling to keep up and experiencing a downturn in profits, as evidenced by the dominance of streaming services like Netflix.