As people stay indoors and practice social distancing due to COVID-19, people are killing time by marathoning movies, their favorite TV shows, and plenty of music online. As a result, media streaming in the realm of is expected to increase by 60%. This is especially case since more entertainment bundles have been popping up in the last few years, such as the $5 Spotify and Hulu student subscription, the Disney bundle with Disney+, Hulu, and ESPN+, and more.
As music festivals, shows, and tours cancel, there have been attempts to reschedule the events. Now, artists have found ways to continue to put on shows and play music remotely. Diplo have been live streaming sets YouTube and on Twitch as he’s in quarantine from all the constant traveling prior. Ultra Music Festival will be doing virtual events as well, including the Ultra Virtual Audio Festival this Friday. Minecraft will be hosting a festival of their own – one that resembles Second Sky – later this month also.
The spike in media streaming will benefit artists who cannot tour or play shows right now. As artists and companies figure out a virtual work-around for shows, the FOMO and fans experience can be lessened for this period of time. Save the dates and tune in!