Videogame Industry Worth Over $100 Billion Worldwide

[Brotherofwill]

They needed an expert to estimate and calculate that number? Seemed like a rather easy thing to estimate in such rough terms; they could have asked a 12 year old who's response would have been something like:

"Over 100 billion!!!"

or more like:

"OVER 9 BILLLLLIIIOOOOOOOOOON!!!11!!!"

Okay, it's a lot of money.

 

[sephiroth1991]

If they so rich how come more and more people are loosing jobs, i wonder how this is compaired to other industrys

 

[Albino Boo]

....That doesn't actually sound that much?

I'm gonna go out on a whim here, but i'm guessing i'm the only one who thought that when i saw the number.

No, you aren't the only one who thought that. All I can think of is that the USA alone spends about six times that on it's military. For a global entertainment industry that, at least now, is fairly mainstream and popular, one hundred billion is nothing.

What you talking 'bout willis?

The cinema industry of the ENTIRE United States is worth only $10 billion:

http://en.wikipedia.org/wiki/Cinema_of_the_United_States#Modern_cinema

And this industry tends to dominate a LOT.

Also the US Music Industry is worth only $27.5 Billion:

http://en.wikipedia.org/wiki/Music_industry#21st_Century

$100 billion IS A LOT! Comparing a singular industry to the military spending of a superpower like the USA is ridiculous as this is the an "investment" to protect everything else that they hold valuable.

Remember... video games are supposed to be a "niche" entertainment industry. Certainly $100 billion is a LOT for that, eh? Most of all this report indicates a lack of capitalisation with only 4 online-only companies in the West.

Small but rather important point your figures are for the US only and not worldwide the 108 billion is world wide. Hollywood alone made $51 billion worldwide in 2002 and by the time you add in Bollywood, Nollywood and Hong Kong you ease past $108 billion without much trouble.

If you look at breakdown by division of Microsoft profits you can see that gaming is only a minor player in its revenues. http://www.businessinsider.com/chart-of-the-day-microsoft-operating-income-by-division-2010-2

 

[WINDOWCLEAN2]

Hooray for succesful Corporations!

Now get using that money to innovate and create Dammit!

 

[sosolidshoe]

Looks like piracy and used game sales are really crippling the gaming industry, eh? /sarcasm

 

[Darth_Dude]

Uh, Guys?

100 Billion is not a lot of money...

Gaming industry to spite being considered a very niche-entertainment is earning WAY more than other entertainment industries.

Ok, 100 Billion is alot. But it's not alot. Get what I mean?