How the movie industry is streaming into monopoly

We all know that the technological society is rapidly changing from storing multimedia on physical devices so having it digitally stored. One of the most significant “virtual” methods of playing multimedia is through the online streaming of movies. A major event in this technological transition is Disney’s deal with Netflix (an American company famous for providing on-demand movie streaming for those living in countries such as America and the United Kingdom) entitling the movie providing company to be able to distribute Disney’s movies.

This is a significant move because Disney was one of the film companies that refused to join the online streaming market and now that they have, the whole film distribution industry is going to slowly crumble into an online monopoly. With local movie streaming company Quickflix slowly moving up in popularity and expanding its services to the Xbox 360, it is clear that with the universally assumed knowledge that people have access to internet, services such as these will become more dominant and preferred and physical copy distributions will become inconvenient and obsolete, deteriorating and eventually phasing out.

Companies which make a living from creating DVDs, CDs (list more physical stuff) will suffer a dramatic decrease in profits and soon will with scraping away with bare minimums. Online streaming will be the most prefered option and the more viable option too. Electronic shops which specialise in the process of selling hardware such as various brands of CD and DVD players. Another detrimental blow to the DVD related industries is the fact that most of these movie streaming companies provide users with unlimited viewing of movies at a monthly membership rate. This only adds salt to the wound of an already significant adversity for the DVD business.

An extremely concerning issue for those with regards to the possibility that certain pieces of hardware may become obsolete is that those who may not be technologically proficient to use the internet will face problems with being able to watch movies they might have loved in the cinemas. Additionally, if people desired access to view streamed movies on a big screen, it would mean that further expense would have to be the implementation of new televisions with programs to support the access these services which will only contribute to the growing powerhouse of the inevitable monopoly. To add to all of these cummulating hinderences, all future consumers would then have to be prepared to sign up for monthly memberships and risk their confidential details to be exposed on the internet. This could lead to a big issue in data security and if anything similar happened like Sony (database was hacked and many credit card details were stolen), the whole monopoly could come crashing to a halt as trust in online payments and transactions will decline and there would be no other preferable alternative to turn to.

Not everyone is intent on following the latest on the impulse trends, movie releases and spending endless undeeded time viewing entertainment. Most just enjoy the feeling of watching a film on occasions and would prefer that they did not have to pay consistent fees to have access to it. Ultimately, with the growing popularity of such distribution platforms, this could mean that society is forced to conform to such means. Would you be able to conform to such a monopolic choice?