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Pre Covid During Covid

MANAGE PROFILES
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Before Covid-19
2019
Before COVID-19, the entertainment industry grappled
with challenges such as piracy and illegal streaming,
shifting consumer preferences, a fragmented market with
multiple streaming services, rising production costs,
intense competition for attention from other forms of
entertainment, and regulatory/legal hurdles, impacting
revenue, profitability, and audience engagement.

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NETFLIX ORIGINAL

Pre Covid-19
The entertainment industry has always been a dynamic and
competitive sector, but it has encountered various challenges even
prior to the COVID-19 pandemic. These challenges, such as

1. Piracy and Illegal Streaming


2. Changing Consumer Preferences:
3. Rising Production Costs
4. Competition for Attention
5. Fragmented Market

have significantly affected the profitability, sustainability, and growth of


the entertainment sector. As a result, industry stakeholders have had
to come up with innovative solutions to tackle these issues and
remain ahead in an ever-evolving landscape.

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During Covid-19
2020
During COVID-19, the entertainment industry faced
unprecedented challenges, including widespread closures of
theaters, theme parks, live music venues, and sports events,
cancellations of productions, halted or delayed releases,
reduced advertising spending, decreased consumer spending,
and uncertainty about the future, resulting in significant
financial losses and operational disruptions across the sector.

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NETFLIX ORIGINAL

During Covid-19
The entertainment industry was significantly impacted by the COVID-
19 pandemic, resulting in a wide range of challenges. These
challenges included

1. Production Shutdowns
2. Theatrical Release Disruptions
3. Health and Safety Concerns
4. Talent and Crew Disruptions
5. Economic Challenges

In response to these obstacles, industry stakeholders had to adapt


and find creative solutions to sustain operations and engage
audiences amidst the rapidly changing landscape of the pandemic.

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YEAR LEVEL |
2022 SECTION
In conclusion, both before and during the COVID-19
pandemic, the entertainment industry faced significant
challenges. Navigating through these obstacles
required industry stakeholders to find innovative
solutions and adapt to the rapidly changing landscape
to sustain operations and engage audiences.

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