The next moves of the Media and Broadcast industry in the Post-COVID world
SUBSCRIBE
JOBS
Go Back
4 weeks ago 09:40:56am

The next moves of the Media and Broadcast industry in the Post-COVID world

16-March-2021, By Akhil Rampal

The next moves of the Media and Broadcast industry in the Post-COVID world

The pandemic outbreak in 2020 had a monumental impact globally, creating unrest and bringing unpredictability across professional and personal lives. As we were confined to the four walls of our homes, the idiot box or the personalised gadget became our saviour and probably the only source of entertainment. As the world battles hard to tide over the impact of COVID-19, life is slowly but surely getting back to normalcy. Entertainment is geared up to bring back positive sentiments across consumers and its critical for players in the media and broadcast segment to identify shifting consumer behaviour & patterns, deep dive into needs and adopt a radical approach in strategy, content, aggregation, marketing and distribution.

covid

Year 2020 created a widespread usage of digital technology and models across all facets of life as well as businesses. New-age digital transformation will prove to be a game changer in redefining business dynamics and bringing a paradigm shift in the media industry. Focus on creating economies of scale, introducing new business models, investing in ecommerce, research & insights to bring content in an enhanced and personalised way to consumers will be of paramount importance.

Corporates including established brands and start-ups will aim to generate ground-breaking content keeping consumers in mind offering a potent mix of entertainment and personalisation. Innovative, diverse, and qualitative content formats will see value amongst consumers and the advertising community alike. Analytics and measurement that authenticates and optimizes creative content quality will gain prominence while advanced analytics will fuel strategic investment decisions. Broadcasters will build new revenue streams via curated virtual events, licensed IPs and branded content on the pillars of a data-driven, tech-based and consumer-centric approach.

In the day and age of post-pandemic, viewers will become increasingly savvy to consume authentic, reliable, well-researched and factual content which will become a prerequisite to choose the preferred media channels. A deeper understanding of co-viewing habits which have grown in the pandemic period, especially in the case of streaming platforms, will help to gauge its efficacy and effectiveness in the times ahead.

One of the major, anticipated transition will be consumers shifting to a subscription-driven model compared to ad-driven. Vlogs, videos-on-demand (VODs) especially SVOD & PVOD, e-sports, podcasts, and streaming services are changing consumption patterns in the post-COVID era. Media companies would continue to break barriers and stereotypes by creating engaging content through diverse storytelling that is adaptable across all types of media will define. Consumers are ready to discover and explore differentiated content but in a personalised way at their fingertips. The end-experience will matter, whether its on a Smart TV, an IPAD or a mobile phone.

In a nutshell, the M&E industry needs to leverage a strategic approach to tide over the COVID-19 crisis and prepare to bolster their positions in the future. Noteworthy would be:

  • Renewed focus on customer behaviour to deepen engagement
  • Media convergence and creating premium experiences via new service offerings and content bundling
  • Repositioning business models by adopting data analytics & technology advancement to create personalisation

It’s a reality that times will change forever post COVID-19 and the impact will be seen across every industry in the world. Media and Entertainment is part of everyday life and we expect to see some defining trends.


Leave a Reply

Your email address will not be published. Required fields are marked *

Related Posts

Our Events

  • img
    SatCab Symposium

    सैटकैब सिंपोजियम,आविष्कार मीडिया ग्रुप द्वारा आयोजित किया जाने वाला एक वार्षिक कार्यक्रम है, जिसमें ब्रॉडकास्टिंग एवं केबल टीवी इंडस्ट्री से जुड़े हुए लोग शामिल होते हैं और वर्तमान की स्थिति पर व इंडस्ट्री में भविष्य की संभावनाओं को लेकर के चर्चा की जाती है।

  • img
    BCS
    Ratna Awards

    बीसीएस रत्ना अवॉर्ड आविष्कार मीडिया ग्रुप द्वारा आयोजित किया जाने वाला एक वार्षिक कार्यक्रम है। इस कार्यक्रम में ब्रॉडकास्टिंग व केबल टीवी इंडस्ट्री से जुड़े हुए लोगों को इंडस्ट्री में उनके योगदान के लिए सम्मानित किया जता है।

  • img
    Chetna Yatra

    चेतना यात्र आविष्कार मीडिया ग्रुप द्वारा आयोजित एक वार्षिक कार्यक्रम है, जिसमें आविष्कार मीडिया ग्रुप के चेयरमैन डॉ- ए-के- रस्तोगी अपनी गाड़ी से पूरे भारत का भ्रमण करते हैं और भारत में मौजूद केबल ऑपरेटरों को जोड़ने का व व्यवसाय से हताश हो चुके ऑपरेटरों में एक जोश भरने का काम करते हैं।

  • img
    Imaan India Sammaan

    इमान इंडिया सम्मान आविष्कार मीडिया ग्रुप द्वारा आयोजित किया जाने वाला एक कार्यक्रम है, जिसकी शुरुआत 2012 में की गई थी।

Youtube Videos