What the Entertainment Industry Has in Store for 2025
Dec 31, 2024
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As we approach 2025, the entertainment industry is shifting dramatically with major artists taking center stage and live programming on the rise. Podcasts and YouTube are transforming consumer preferences, intensifying competition in media. Meanwhile, the housing market's slowdown is impacting retail, particularly in home improvement, leading to store closures and economic uncertainty. Notably, Taylor Swift's Eras tour is poised to redefine live entertainment, reflecting broader trends from 2024.
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Quick takeaways
The entertainment industry is adapting to changes by focusing on live events and ad-supported streaming to attract audiences in 2025.
The sluggish housing market and resulting store closures indicate challenges for retailers, yet the retail real estate sector remains strong with low vacancy rates.
Deep dives
The Dangers of Distracted Driving
Distracted driving poses significant risks that far exceed common fears like snakes or public speaking. It has been highlighted that maintaining focus on the road is crucial to prevent accidents and save lives. Engaging in activities such as texting or using a smartphone while driving can lead to serious consequences, making it imperative for drivers to keep their eyes forward. This issue not only emphasizes personal responsibility but also stresses the societal need for awareness around the dangers of distracted driving.
Trends in U.S. Retail Real Estate
In 2024, U.S. retailers experienced more store closures than openings, marking a shift from previous years. The sluggish housing market significantly impacted retailers that sell home furnishings and improvement materials, as home purchases typically drive spending in these sectors. However, despite the closures, the retail real estate landscape remains robust, with low vacancy rates and rising rents indicating ongoing demand for retail spaces. Retailers are benefiting from opportunities created by closures, allowing for expansion while navigating a challenging economic environment.
Entertainment Industry Shifts and Trends
The entertainment industry has seen notable changes in 2024, influenced by major events such as Taylor Swift's Ares tour, which generated unprecedented revenue and consumer spending. As the industry rebounds from prior disruptions like the Hollywood strikes, live events and experiences are regaining prominence, reflecting a cultural shift back to shared experiences. Moreover, streaming services are adapting by introducing ad-supported tiers and focusing on live programming to retain customers and capture viewer attention. Looking ahead to 2025, the rise of podcasts and YouTube's growing dominance among younger audiences signal significant shifts in content consumption and distribution patterns.
Dec. 31 Edition. As 2024 draws to a close, WSJ’s Los Angeles bureau chief Sarah Krouse talks about the biggest entertainment trends of the year, and what they mean for 2025. And a sluggish housing market has ripple effects in the economy, including on home retailers. Wall Street Journal reporter Kate King tells us what this means for retail real estate moving forward. Plus, much of Puerto Rico is without power on New Year’s Eve. Alex Ossola hosts.