The Music and Entertainment Industry is Booming

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The global sale of records reached magnificent heights upon the release of Taylor Swift’s new album “Reputation.” That is pretty much the scenario whenever a famous artist or actor launches a new product. The market for fans who are not able to afford original merchandise soon after release, or are interested in older works looks for substitutes such as Spotify Premium APK so that they can reap the same satisfaction as those who can afford the luxuries.

Regardless of any societal divisions, the music and entertainment industry is flourishing more than ever before, and the following effects explain how.

Access to Internet

Netflix claims that after a massive surge in the West, their annual memberships of paying members climbed to 93.8 million, and you can only imagine how much Netflix earns just from this one source of premium customers. Through the internet, users have easy access to most movies, TV shows, and documentaries which they want to watch, and there is absolutely no need for them to purchase a separate device to do so because everything is very simply available on their smartphones.

When such simple access is granted to youngsters, you can expect the industry to expand because fan bases have no expansion limits.

Live Shows and Concerts

Statista.com, the official information gatherer for many US-based industries, including music, has gone on to show statistically that the annual revenue from concerts and album releases in the United States of America will rise up to a stunning $22.6 billion by 2021. That is a lot of dough from just one source, but it exists because people are more ready today than ever to view their live stars in action.

TV shows often host musicians and actors, and each run increases the capacity of the industry to expand. In addition, the global rise in living standards has resulted in people going as far as traveling internationally just to see their stars live in action. This means the industry is boosting other industries as well.

Online Outreach

There is always the underground market which operates for the better of consumers rather than producers, and one such example is APK Download from Apksmania which offers a wide array of interests to choose from. You can simply have those downloaders in your smartphone and enjoy free streaming of shows and movies, along with all the music you want.

Some people think these applications cause harm to artists, but the increased outreach adds to their fan bases, and followers start spending when their financial capacity allows it.

Social Media

Tumblr, Instagram, and Twitter have all proven to be great places to contact your favorite stars officially. Accounts on these sites held by stars are active and fans and stars can communicate with each other. This goes on to improve the accessibility of one to the other, ultimately giving a boost to the music and entertainment industry.