There are two big themes driving growth in the entertainment industry.
The first is the decline in the West of the younger generations' interest in offline social institutions, such as local sports teams and religious institutions. So, they have more free time and seek alternative ways to create forms of social meaning and identity. That increases their appetite for entertainment in general and franchises in particular. The second is that digital technology creates more ways for content to be made and distributed. That's enabled the rise of new platforms, including Netflix, TikTok and Spotify. And it is also driving the expansion of existing tech giants. Fo...
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