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Home Featured

What Impact Has Technology Had on the Entertainment Industry?

The CEO of Treasure Records, Deepti Gupta, discusses how the technological advancements have impacted the entertainment sector.

by Guest Column
October 29, 2022
in Featured, Think Through
Reading Time: 4 mins read
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What Impact Has Technology Had on the Entertainment Industry?
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Today, technology is ubiquitous and responsible for every aspect of our lives. There’s no way we’d be here if it weren’t for its influence. In fact, several social media platforms, including Instagram, Facebook, Twitter, and others, are gaining popularity in tandem with the emergence of cutting-edge technologies. 

The graphics quality of video games has improved dramatically, and consoles, Dolby audio, and other technology have made gaming better. Moreover, the advent of globalization has enabled individuals to access high-speed Internet from anywhere in the world via their mobile phones. This is something that was unimaginable twenty years ago.

Musicians and music lovers have more opportunities to reach their fans through technology, greater ease of composition, and the ability to avoid the need to rewind cassettes or analog tapes. 

This article, however, will explore how technological advancements have impacted a variety of fields in recent times.

Here we go!

Music and Technology Are a Perfect Match

The digital age has seen technology become increasingly integrated with music. And, technological advancements have improved the quality of the music you hear and enabled stereo systems to evolve into Dolby Digital Audio Systems. 

Moreover, they have improved the accessibility of music with the availability of streaming services geared explicitly towards listening to music. Several digital music platforms are available, such as Spotify, YouTube Music, Milk Music, etc. It is aimed to improve music quality, make it affordable, and provide a platform for independent musicians and emerging artists. 

In the beginning, compact discs sparked a revolution in the music industry, as they were cheaper to burn. However, with the advent of the digital age, you are no longer required to stream music from the Internet using MP3 technology. It is possible to download an app that allows you to listen to any song you desire without downloading anything. Technology has also produced innovative compositions in the music industry in recent years. 

Software-based musical technologies, especially virtual computerized instruments and MIDI technology, have enabled musicians to create and program millions of sounds more efficiently than ever before, leading to tech-savvy musicians taking full advantage of these technological advances. 

Future-oriented TV and movies 

As we looked back a few years ago, nobody would have predicted that by 2021 streaming video services would be able to take advantage of new opportunities afforded by technological advancements. 

Both blockchain technology and artificial intelligence are expected to contribute to the growth of the online video streaming industry shortly to a value of $223.98 billion. Technology such as 3G, 4G, and LTE constitute the most significant revenue generators for OTT platforms. 

Apart from the voice recognition technology on remote controls such as Amazon Echo, another technological advancement has shaken up the movie and television industry, allowing users to enjoy all of the benefits of video streaming platforms in a customized and personalized manner.

A Technological Upsurge in Gaming 

A computer game called Computer Space was the first one from Nutting Associates to be released in 1972. Fast forward to the 1980s, when arcade games could not deliver quality graphics due to poor buffering and poor graphics. 

However, arcade games were still enjoyed by many. In the last few decades, the number of arcade games has steadily declined due to technological advancement in the field. Apart from arcade games, there are also casino games, such as table games and slot machines. 

Today, most online casinos use their online counterparts rather than their brick-and-mortar counterparts as we move into the 21st century. Similarly, slot games use the RNG or Random Number Generator technology to ensure they are Provably Fair. 

In the absence of technology, it would not be possible to play all games, whether casino games or other games, on a mobile phone at any time and from anywhere. 

Technology and Betting – A Winning Combination 

Technology has transformed even the sports betting market, with online betting becoming increasingly popular and some bookmakers switching to 5G services to speed up the betting process. 

It doesn’t take much time to place a bet with 5G – you can do it in just a few seconds! It is also worth noting that VR and AI systems have been used within the sports betting industry for a long time, with in-play and AI-powered sports betting events being held throughout the off-season to attract players. 

Are You a Social Media Savvy Person or Not? 

During the past few years, social media has witnessed many technological advancements such as 3D Bitmojis, Augmented Reality ASMR Food Reels, Instagram Influencer videos, and Small Businesses. Today, people have many opportunities to work closely with multi-million dollar empires. The world has become a truly global village due to the rapid development of internet connections and the availability of high-definition videos worldwide.

Final Thoughts!

The overall effect of technological advancements has been both positive and negative for the industries discussed above. However, technology has transformed industries in a way we have never seen before, laying the foundation for a brighter future and helping us to move forward.

Tags: Deepti GuptaentertainmentTreasure Records

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