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There is a growing paradox: The more content we have, the unhappier we often feel. The term "doomscrolling" entered the lexicon not as a critique of news, but of the infinite feed. We are burdened by the "FOMO" (Fear Of Missing Out) on a good movie, a viral meme, or a critical podcast episode.
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Wall Street used to care about box office grosses. Now, it cares about "engagement minutes" and "monthly active users." The business model of entertainment content and popular media has flipped from Transaction to Subscription to Attention Rental .
However, this abundance has led to a crisis of abundance. The industry term "Content" has replaced "Art." Streaming platforms operate on a churn model; they need subscribers to stay subscribed. This has birthed the "Content Loop": We are burdened by the "FOMO" (Fear Of
Historically, "popular media" meant three television networks and a handful of movie studios. "Entertainment content" was a scripted show or a vinyl record. Today, those lines have been obliterated.
Looking ahead, three trends will likely define the next decade of entertainment:
Furthermore, the "kidfluencer" industry raises serious questions. Is a five-year-old unboxing toys on YouTube making entertainment content, or is she engaged in child labor for advertising revenue? The laws have not caught up with the technology.
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