The proliferation of streaming services has revolutionized the way we consume entertainment content. Platforms like Netflix, Hulu, Amazon Prime, and Disney+ have become household names, offering a vast library of movies, TV shows, and original content at our fingertips. The convenience and affordability of streaming services have led to a significant decline in traditional TV viewing and DVD sales.
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According to a report by eMarketer, the number of cord-cutters (individuals who have abandoned traditional TV subscriptions) in the United States is expected to reach 33.9 million by 2024, up from 24.9 million in 2020. This shift has forced traditional media companies to adapt and innovate, with many launching their own streaming services to stay competitive.