Games biz is NOT bigger than Hollywood
"The domestic US box office is estimated to be around $9B for 2004, and this is where the myth starts to take life. The problem is the movie industry is a lot bigger then just the U.S. box office. DVD sales and rentals for 2003 topped $16B. VHS sales and rentals for 2003 was $6.4B. VHS sales are declining fast, but most of that will just shift over to DVDs, which brings the grand total for non-box office movie sales to over $20B, twice the figure for the entire game industry."[via: Grumpy Gamer]
To be fair, the video game industry is already at $20 billion annually according to sources from The Economist and many others, while other publications show it'll be 2005 before the industry passes that mark. Point is, it's still pretty huge, especially when you consider the money that goes into marketing all of these movies compared with games. There are other things wrong with comparing the two industries, though, and this article sums it up well.
http://www.economist.com/displaystory.cfm?story_id=3387239
Posted by
John |
7:20 AM, December 22, 2004
Very cool design! Useful information. Go on!
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Posted by
Anonymous |
2:39 AM, July 13, 2006