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Several studies have examined the impact of online streaming services on the entertainment industry. According to a report by the Digital Entertainment Group, online streaming services have become a significant source of entertainment for many people, with over 70% of households in the United States subscribing to at least one streaming service (Digital Entertainment Group, 2020). Another study by the International Federation of the Phonographic Industry (IFPI) found that 80% of internet users aged 15-24 use online streaming services to access music and video content (IFPI, 2020).
The formats told a story of technological evolution and constraint: