Video Game Revenue to Beat Movies & Music Combined in 2015 - News
by William D'Angelo , posted on 14 June 2015 / 4,625 Views
Revenue for video games will hit $92 billion this year, according to IHS. That figure is more than the total for movies and music combined. Movies will earn $62 billion, while music will earn $18 billion.
Digital sales will account for 80 percent of video game revenue. This is a notably higher percentage than the other entertainment sectors, with 40 percent of movie revenue being digital and 50 percent of music revenue being digital.
46 percent of video game revenue will be earned in Asia Pacific, while North America and Europe will each account for 24 percent. China is expected to top the US this year to become the largest market.
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A life-long and avid gamer, William D'Angelo was first introduced to VGChartz in 2007. After years of supporting the site, he was brought on in 2010 as a junior analyst, working his way up to lead analyst in 2012. He has expanded his involvement in the gaming community by producing content on his own YouTube channel and Twitch channel dedicated to gaming Let's Plays and tutorials. You can contact the author at wdangelo@vgchartz.com or on Twitter @TrunksWD.
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Well considering games cost around...let's day 4-6 times more than seeing a movie and a CD(a song - like 45 times more), both of those without any 300+ consoles
Adding up to me a big chunk of it....I don't see it as that impressive tbh. It should be bigger than both combined...
Dont matter, more money is more money. VG is the largest entertainment market. Thats the point
Pretty sad most of that is microtransaction
So if Digital is 80% of sales I would imagine this is including mobile gaming? I am excited to see this none the less and think what do all the people that say gaming is a waste of time think now? It is awesome time to be gamer and an even better time for those talented and driven enough to be employed in the industry.
It must include mobile, because with consoles and handhelds, retail is still a preferred method of purchase with most consumers.
Doesn't surprise me. Its easier to download or watch online or listen to movies and music than download a game and play it on a modded console.
Not to mention gaming haa 300-480 dollar consoles and 60 dollar games with 15-40 dollar games as well kind of makes this unimpressive, it should be doing gang buster numbers.
