video game

Video game revenue tops $43 billion in 2018, an 18% jump from 2017

Posted by | america, computing, Earnings, Electronic Arts, Entertainment, entertainment software association, esa, fortnite battle royale, Gaming, HBO, Netflix, Reed Hastings, sensor tower, streaming services, TC, video game, YouTube | No Comments

Video game revenue in 2018 reached a new peak of $43.8 billion, up 18 percent from the previous years, surpassing the projected total global box office for the film industry, according to new data released by the Entertainment Software Association and The NPD Group.

Preliminary indicators for global box office revenues published at the end of last year indicated that revenue from ticket sales at box offices around the world would hit $41.7 billion, according to comScore data reported by Deadline Hollywood.

The $43.8 billion tally also surpasses numbers for streaming services, which are estimated to rake in somewhere around $28.8 billion for the year, according to a report in Multichannel News.

Video games and related content have become the new source of entertainment for a generation — and it’s something that has new media moguls like Netflix chief executive Reed Hastings concerned. In the company’s most recent shareholder letter, Netflix said that Fortnite was more of a threat to its business than TimeWarner’s HBO.

“We compete with (and lose to) Fortnite more than HBO,” the company’s shareholder letter stated. “When YouTube went down globally for a few minutes in October, our viewing and signups spiked for that time…There are thousands of competitors in this highly fragmented market vying to entertain consumers and low barriers to entry for those with great experiences.”

“The impressive economic growth of the industry announced today parallels the growth of the industry in mainstream American culture,” said acting ESA president and CEO Stanley Pierre-Louis, in a statement. “Across the nation, we count people of all backgrounds and stages of life among our most passionate video game players and fans. Interactive entertainment stands today as the most influential form of entertainment in America.”

Gains came from across the spectrum of the gaming industry. Console and personal computing, mobile gaming, all saw significant growth, according to Mat Piscatella, a video games industry analyst for The NPD Group.

According to the report, hardware and peripherals and software revenue increased from physical and digital sales, in-game purchases and subscriptions.

U.S. Video Game Industry Revenue 2018 2017 Growth Percentage
Hardware, including peripherals $7.5 billion $6.5 billion 15%
Software, including in-game purchases and subscriptions  

$35.8 billion

 

$30.4 billion

18%
Total: $43.3 billion $36.9 billion 18%

Source: The NPD Group, Sensor Tower

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Experience the future of reality simulations at Disrupt SF 2017 with Unity and Improbable

Posted by | Disrupt SF 2017, events, game engine, Gaming, improbable, software development, SpatialOS, TC, unity, unity-technologies, video game, Virtual reality, virtual world | No Comments

 Video games have never been just games, but as developers grow their ambitions, thanks to evolving, powerful game development tools, the line between real life and simulation has been growing much murkier. To hear more about it, join us at Disrupt SF 2017, where we’ll be chatting with John Riccitiello, the CEO of Unity, and Herman Narula, the CEO and co-founder of Improbable. Read More

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Forge locks down $4.5M Series A to help gamers capture awesomeness

Posted by | Fundings & Exits, Gaming, pc, TC, Twitch, Venture Capital, video game | No Comments

leagueoflegends Sometimes entrepreneurship is about starting battles and other times it’s about finishing them. Jared Kim has been on a mission to cut the frustration out of sharing gameplay with friends since he was 19. Forge, his second play in the space, closed a $4.5 million Series A yesterday led by True Ventures. This round matches a $4.5 million seed his company received back in March. Read More

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Xbox Live now supports cross-platform multiplayer with PS4

Posted by | Gadgets, Gaming, Microsoft, TC, video game, xbox, xbox live | No Comments

Xbox Console At this point, there’s very little difference between the Xbox One and the PlayStation 4. But there was one key differentiating point. Xbox gamers could only play with Xbox and PC players as Microsoft was restricting access to the multiplayer component. Microsoft just announced that game developers can now create cross-platform multiplayer modes th Read More

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The History Of Gaming: An Evolving Community

Posted by | artificial intelligence, Atari, Column, Gaming, sega, TC, video game, Virtual reality | No Comments

vidya Since its commercial birth in the 1950s as a technological oddity at a science fair, gaming has blossomed into one of the most profitable entertainment industries in the world. The mobile technology boom in recent years has revolutionized the industry and opened the doors to a new generation of gamers. Indeed, gaming has become so integrated with modern popular culture that now even grandmas… Read More

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The Mobile Gaming Business Model For Freedom And Fantasy

Posted by | Column, gamer, Gaming, mobile game, mobile gaming, Nolan Bushnell, pc game, Pong, TC, video game | No Comments

mobilegame Mobile gaming has by far made the greatest impact on — and effected the most change overall in — the gaming industry. From a dollars and cents perspective, mobile gaming revenue is projected to surpass console game revenue in 2015 to the tune of $30.3 billion versus $26.4 billion, with ongoing growth in mobile-device sales only driving this trend forward in 2016 and beyond. Read More

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