ENTERTAINMENT INDUSTRY - PERCEPTION ON PANDEMIC SERIES RADARR'S

Page created by Veronica Robbins
 
CONTINUE READING
ENTERTAINMENT INDUSTRY - PERCEPTION ON PANDEMIC SERIES RADARR'S
RADARR’S
PERCEPTION ON PANDEMIC
SERIES

IMPACT OF COVID-19 ON THE

ENTERTAINMENT
INDUSTRY
IN APAC
ENTERTAINMENT INDUSTRY - PERCEPTION ON PANDEMIC SERIES RADARR'S
A NOTE FROM THE AUTHORS
COVID-19 has rapidly turned into a global health pandemic crippling healthcare systems and economies
alike. With global travel and trade almost completely halted, governments and industries are preparing for a
long fight and recovery process in the months ahead.

Radarr’s Perception On Pandemic series explores a new industry every week to uncover the impacts of
COVID-19 on business decisions and consumer behaviour. In this week’s report, we studied the
entertainment industry around Asia Pacific.

With lockdown measures forcing most people around the region to remain indoors, the demand for
entertainment services, particularly online streaming, has unsurprisingly increased.

In this report, Radarr uncovers these insights surrounding the entertainment sector:
• How important is entertainment to viewers during the pandemic?
• How has demand for entertainment shifted during the pandemic?
• What are netizens watching around the region?
• How are entertainment brands adapting to the current climate?
ENTERTAINMENT INDUSTRY - PERCEPTION ON PANDEMIC SERIES RADARR'S
HOW IMPORTANT IS ENTERTAINMENT TO VIEWERS
   DURING THE PANDEMIC?
   With the lockdown in place, interest for entertainment is at an all time high. Netizens in Singapore, Hong Kong and Australia
   are most likely to consume and discuss video content online as compared to the rest of the countries.

                                                                              Regional Social and Search Index
                                     100                                                                                                                     100
    Social Prevalence Index (SoPI)

                                                                                                                                                                   Search Prevalence Index (SPI)
                                     80                                                                                                                      80

                                     60                                                                                                                      60

                                     40                                                                                                                      40

                                     20                                                                                                                      20

                                      0                                                                                                                      0
                                           Singapore Hong Kong Australia   Thailand   Malaysia   Vietnam   Japan         South       Indonesia Philippines
                                                                                                                         Korea

                                                                     Social Index                            Search Index

1. Social Prevalence Index (SoPI) represents the magnitude of social conversations, adjusted for the country’s population of active internet users.
2. Search Prevalence Index (SPI) represents the magnitude of Google search volume, adjusted for the country’s population of active internet users.
ENTERTAINMENT INDUSTRY - PERCEPTION ON PANDEMIC SERIES RADARR'S
HOW HAS DEMAND FOR ENTERTAINMENT SHIFTED
   DURING THE PANDEMIC?
   While the developed countries may fare higher in their interest towards entertainment, the growth spurred by the pandemic is
   most evident within the developing countries. In contrast, Singapore saw a slightly decline from its average activity pre-
   COVID.

                                                                                        Changes in Search Trend
                                    100                                                                                                                    100%

                                                                                                                                                                  %Change From Annual Average
    Search Prevalence Index (SPI)

                                    80                                                                                                                     80%

                                    60                                                                                                                     60%

                                    40                                                                                                                     40%

                                    20                                                                                                                     20%
                                             41%         39%        35%        31%          30%        17%        17%       17%     14%              -2%
                                     0                                                                                                                     0%
                                          Philippines   Malaysia   Thailand   Vietnam     Indonesia   Australia Hong Kong   Japan   South      Singapore
                                    -20                                                                                             Korea                  -20%

                                                                        Search Index                                 % Change

1. Search Prevalence Index (SPI) represents the magnitude of Google search volume, adjusted for the country’s population of active internet users.
2. Change from annual average based on Google keyword search volume.
ENTERTAINMENT INDUSTRY - PERCEPTION ON PANDEMIC SERIES RADARR'S
WHAT ARE NETIZENS WATCHING AROUND THE
   REGION?
   While Korean and Western content is popular among tv-buffs around the region, native content has been gaining popularity –
   likely with the increased viewership from less active audiences prior to the lockdown. There has also been a surge in popularity
   around older films, namely Beetlejuice (Australia), Akira (Japan) and Wizard of Oz (1939).

    TOP GENRES:                                                             TOP TITLES:
                      NATIVE SERIES                                                    Western                           Anime                   K-Drama
                                                                                          AU                               JP               PH, TH, SG, MY, ID
   CHINESE                    MALAY                    INDIAN
                                                                                 Beetlejuice (1988)
      HK | MY                   ID | SG                MY | SG                                                         Akira (1988)
                                                                                 Contagion (2011)
                                                                                                                                            Hotel de Luna (2019)
                                                                                          HK                               PH               Descendants of the
              INTERNATIONAL SERIES                                          Dr. Foster (2015 – present)           Weathering With You
                                                                                                                                                Sun (2016)
                                                                                  Minions (2015)                        (2019)
            KOREAN                         WESTERN                                                                       VN
            ID | TH | PH                  KR | AU | JP | HK                     Wizard of Oz (1939)              Dragon Ball Super (2018)    Reply 1988 (2015)
              MY | SG                      PH | MY | SG

1. Data represent categories of top search themes and not the exact Google Search term.
2. Search data do not include activities on popular streaming sites such as Netflix, Amazon Prime, or Disney+.
ENTERTAINMENT INDUSTRY - PERCEPTION ON PANDEMIC SERIES RADARR'S
WHAT ARE THE DISCUSSIONS ON ENTERTAINMENT
AROUND THE REGION?
In addition to seeking recommendations, the conversations during pandemic also highlighted the other roles of
entertainment – such as a distraction from real life and being a vital component of consumers’ daily routines.

                     Distraction From The Gloom                                                                Immersive Experience
Given the current predicament, many are consuming content to not only deal with      With the amount of time spent indoors watching tv and movies, the lines
boredom but to also brighten up their day and make the most out of their time at     between real life and fantasy are blurred – especially when everyday lives are
home.                                                                                being drastically altered by the pandemic.

                                                             It’s close to 2 weeks
                                                             watching Netflix,
                                                             because its all about
                                                             COVID on news. At
                                                             least there is a good
                                                             moment watching
                                                             favourite shows, yea?

                        Future of Entertainment                                                              Perfecting The Catalogue
There are also ideas sprawling all over social media about COVID’s impact on         As streaming sites become increasingly vital to our daily routine, consumer
entertainment and the specific content that will arise in the coming years.          expectations have also grown – with many wanting their favorite TV shows and
                                                                                     films to be added to the catalogue.
ENTERTAINMENT INDUSTRY - PERCEPTION ON PANDEMIC SERIES RADARR'S
HOW ARE ENTERTAINMENT PROVIDERS ADAPTING
TO THE CURRENT CLIMATE?
Brands recognize that the demand for streaming consumption has increased as a result of the pandemic and have
introduced measures and incentives to support both consumers and network providers across the region.

              Reducing Broadband Congestion                                         Complimentary Member Subscriptions
  In a bid to reduce broadband congestion for telecommunications networks       Streaming providers are competing against each other by offering
  around Australia, Netflix has slightly reduced the data used when streaming   consumers complimentary service subscriptions, while encouraging
  content on their platform.                                                    consumers to stay indoors amidst the current lockdown situation.

                                                                                                                       “Viu launched a campaign to give
                                                                                                                       out free 14 day codes to 1,000
                                                                                                                       codes a day. Watch and enjoy the
                                                                                                                       variety series while saving yourself
                                                                                                                       at home away from covid-19”

                                                                                                                        “No need to fill out the form
                                                                                                                        We provide iflixVIP access at no
                                                                                                                        charge to all! Use the code and
                                                                                                                        redeem it now”
ENTERTAINMENT INDUSTRY - PERCEPTION ON PANDEMIC SERIES RADARR'S
While these may be interesting snippets of insights around
entertainment, social data is able to answer so much more:

       HOW WILL CONSUMERS’ ENTERTAINMENT
       CONSUMPTION HABITS EVOLVE POST COVID-19?

       WHO ARE THE MAIN ADOPTERS AND DETRACTORS OF
       ONLINE STREAMING?

       HOW IS COVID-19 IMPACTING CONSUMERS’
       PERCEPTION OF YOUR BRAND?

                                                       … any many other questions, if we would just
                                                       listen closely to what the consumers are saying.

We would love to hear your thoughts on the series – feel free to let us know which industry
you are interested in and we may just cover it in the next couple of weeks!
ENTERTAINMENT INDUSTRY - PERCEPTION ON PANDEMIC SERIES RADARR'S ENTERTAINMENT INDUSTRY - PERCEPTION ON PANDEMIC SERIES RADARR'S
You can also read