The global music landscape has enabled consumers to discover a wide range of genres, sound and artists via music streaming apps such as Spotify, Apple Music and SoundCloud – thanks to digital technology.
The internet has changed the way we engage with television (TV) and video. Programmes, such as sports and news can be watched online, either by streaming ‘live’ or downloading it for later viewing. TV shows and movies can be viewed anytime, without having to wait for the broadcaster to deliver them. The term for this new entertainment platform is ‘video-on-demand’ (VOD).There is an anticipated surge in consumption and revenue in the next few years from over-the-top (OTT) media services.
Digital technology and Southeast Asia’s high internet penetration have transformed the region’s music industry. The global music landscape has enabled consumers to discover a wide range of genres, sound and artists via music streaming apps such as Spotify, Apple Music and SoundCloud.
Ever since the advent of the internet and the proliferation of smartphones, traditional media such as television and radio no longer have the same kind of mainstream influence as they used to. With growing high-speed internet penetration all over the world, streaming platforms are now raking in the big bucks. According to the We Be Social and Hootsuite 2018 digital report, consumers worldwide spent US$11.2 billion on digital music streaming in 2017.
