Question

Does streaming technology change business models of media industry?

Answer 1

Yes, the streaming technology changes the business models of media industry. The streaming technology got boomed around year 2017 and 2017. Streaming is delivering of any media content that may be music, video, podcasts, webcasts, movies,etc directly to the users phone or computer through the means of internet.
With this streaming we no need to download any content like music or video from internet, we can directly watch or listen it through many streaming platforms. This not only saves the time of users but also saves their data and money as these streaming consumes very less data as compared to downloading.
The media industry started getting more revenues after this streaming technology. This completely changed the traditional business strategy of these industries. Now they started advancing their business models to compete in market and to reach to more and more customers for the future benefits of the industry.