Modern homes are changing due to the integration of new, innovative technologies into living spaces.
For many, 2020 will be remembered as the year we stayed put. In countries around the world, the introduction of lockdowns to try and tackle the coronavirus pandemic meant our homes doubled up as workplaces, gyms and even schools. According to figures released by the ERA last week, entertainment revenues in the U.K. hit a record £9.05 billion in 2020, with digital services driving a 16.8% jump in growth. This marked the fastest growth rate on record.Breaking things down, the ERA noted how digital video services — led by big hitters such asMusic streaming revenues rose by 15.5% to more than £1.2 billion, while sales from the gaming sector topped £4 billion for the first time.
Indeed, in a sign of how digital is becoming increasingly dominant, the ERA said that over 80p in the pound spent on entertainment goes to digital services instead of physical formats.