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The digital transformation has brought many changes to the entertainment industry. With new technologies such as virtual reality and multi-channel experiences, new possibilities arise almost by the second.
From the type of content that is created to how and by whom it is created and consumed – this shift has allowed innovative disruptors to join the party and compete with traditional outlets. Worldwide revenue in the entertainment & media industry is projected to rise at a compound annual growth rate (CAGR) of 4.4% over the next five years, reaching $2.4 trillion by 2022.
To identify the innovation areas that will significantly impact the industry in the near future we analyzed 800+ cutting-edge startups. Here’s what’s next for the entertainment industry: