While hundreds of thousands of small, non-essential businesses lost revenue and some closed permanently, sectors in the entertainment saw a spike in net income. When the COVID-19 ravished the lively hoods of billions of people globally, with world shutdowns in early 2020, the entertainment industry experienced an economic downturn, as well. Cinema, concert halls, and theaters closed nearly a year, and production TV/film stalled for many months.
The film industry kept a steady pace in the stock markets and received enormous gains as streaming increased in higher demand. Stream entertainment companies, such as Roku stock and other streaming companies, including Disney+ and Netflix, spiked from March 2020 to April 2021. People spent most of their time during the lockdown bonding with immediate family members and streamed services as a part of their entertainment.
Americans had to transition quickly and create ideas to make their homes more comfortable for the family to gather and enjoy each other’s company. Whether giving the living room a complete makeover or adding decor to the walls and floors, it became a creative journey to enhance spaces in the home. Living space became the theater for millions of families and individuals to watch new movie releases and television shows.
What Analysts Are Saying About Roku
Despite the pandemic, Roku continued to see a positive upside in its stock shares, which gradually increased by 312.3 percent as of April 9th, 2021. Roku stock per share was $90.63 on March 11th, 2020, and more than doubled this past Friday to $373.66. Out of 27 Wall Street research analysts, 19 of them gave the stock buy ratings, and seven recommended that investors hold the stock.
Roku investors are mostly institutional in the first quarter of 2021 and own shares of stock in Netflix and Walt Disney. Silverleaf Capital Partners and Nu-Wave Investment Management were among the Roku institutional investors to invest in a high volume of shares. In March, the top streaming stocks were Netflix and Disney, followed by Roku, Fubo TV, and Curiosity Stream.
Spring Ideas to Transform Living Spaces for Entertainment
While large houses have entertainment rooms, most American homes have living and/or family spaces for gatherings. In 2020, millions of people streamed films, new movies, and television shows from the privacy of their homes using online streaming services. The world was void of sports, parties, and other events at large gatherings and resulted in families staying home and making the most of the lives. Today, sports venues and theaters are slowly opening, but taking precautions to protect their patrons by implementing CDC recommended safety guidelines.
Spring 2021 is a beautiful time of the season to spruce up your living, family, or entertainment room to receive guests. Families are reuniting finally after receiving vaccines to prevent COVID-19, and working adults are feeling safer returning to work. This is the opportunity to give those spaces a little upgrade to accommodate immediate family members and guests on a low-cost budget.
Consider three cost-efficient ideas, including wall art, mirrors, vases, and/or wall-mounted televisions. Framed artwork and mirrors are great for adorning the walls in the living room. Add comfortable rugs, potted green plots, and flowers on the floor, and decorative vases to complement the interior design. A small investment in living/family spaces will make it more inviting and create a green atmosphere of nature for everyone.
How Did the Pandemic Affect the Streaming Entertainment Industry?
Streaming entertainment soared throughout 2020 and will most likely become more than just a trend in the future. Production companies turned to stream services, while theaters remain skeptical about reopening and the future holds in the stock markets. Warner Bros. Pictures, for example, released its 2021 films on HBO to allow consumers to stream new movies from home, adding a boost to the stream entertainment industry.
USC Entertainment experts are questioning the future for movie theaters, streaming services, and film studios when the pandemic is finally over. They think streaming TV shows and films are the future of entertainment because of their cost-efficiency and convenience. Experts predict this trend will continue, and streaming will deepen into the theater business sector. The outcome will cause more capital investments and an increased workforce from entertainment companies providing online streaming services.