Streaming Killed The Video Star. Is Your Industry Next?

The demise of industries seems to be speeding up exponentially. Just as music and publishing have struggled to go digital and suffered the sweeping changes issued in by iTunes, the […]

The demise of industries seems to be speeding up exponentially. Just as music and publishing have struggled to go digital and suffered the sweeping changes issued in by iTunes, the eReader and iPad, will your industry be next to go through a major rethink? The signs of paradigm shift are probably already lurking, but is your business ready? Are you seeing the signs and mapping a path to the future?

The latest casualties, the video industry, traditionally pumping out VHS, DVDs and Blu-Ray, is now struggling with the revolution in streaming. As the infographic below shows, streaming killed the video star.

So far, many casualties of these shifts have been content oriented, but more and more signs point to revolutions happening in other industries from retail to healthcare and from beverages to fresh groceries. We already have some leading indicators in all of these, but will the traditional players in each category be visionary in helping change their industry or will they resist and struggle with the coming tide.

At Experience Rethink, we have a track record of helping companies see into the future and visualize their opportunity. Helping you shape a strategy that drives your business forward as an industry leader is all about evaluating your channels against current trends and early indicators, identifying and visualizing the opportunities and rethinking the customer experience, and it’s one of the things we do best. Drop us a line today to get ahead of the changes facing your business.

 


Image by Column 5 Media