Who Is Wealthier? Hollywood Or The Video Game Industry?

A recent study has concluded that the video game industry is far wealthier than Hollywood. This is based on analysing data gathered from companies like Electronic Arts and Activision Blizzard. These companies have generated billions of dollars in sales over the years and are a prime example of why the video game industry is so lucrative. While some argue that the industry's fortunes are primarily derived from interactivity and the fact that it's not dependent on physical goods, there's no denying that the video game industry has benefited from the popularity of its games.

Who Is Wealthier? Hollywood Or The Video Game Industry?

Indirect Video Game Revenues

The video game industry may not seem like a blatant cash cow, but it is a lucrative business that shows no signs of waning shortly. The games division of Sony earned a whopping 20% operating profit margin in 2012. Most of this revenue comes from software sales, but hardware platform manufacturers can also charge licensing fees to developers for putting their content on the platform.

One of the more exciting trends has been the rise of independent game developers. This means that the companies behind some of the world's most iconic titles are no longer the exclusive domain of a few giants. Now, they're the property of thousands of individual game makers.

Warcraft Remains The Highest-Grossing Movie Ever Adapted From A Video Game

Even though its debut weekend was a disaster, "Warcraft" remains the highest-grossing video game movie ever. With $439 million worldwide, it has now passed the previous record holder, The Prince of Persia: The Sands of Time, which earned $336 million internationally.

This could be a turning point for the video game movie industry. There has been a lot of success overseas, but only some movies can find an audience at home. The overseas success of "Warcraft" may convince Disney to greenlight another instalment in the series.

During its first two weeks in theatres, Warcraft earned $439 million, making it the top-grossing video game movie of all time. In the United States, the film grossed a paltry $47 million. However, the video game adaptation has been doing very well in China, which generated over $225 million.

Interactivity Is The Greatest Obstacle Facing Video Game Adaptations

Most people would be surprised to learn that video games could be better onscreen entertainment on tap. However, the game isn't all glitz and glamour, and the game's biggest competitor, Hollywood, is far from being stifled from the big screen. The likes of a good pair of lips, a solid cast of musicians, and a hefty budget make the tinsel town an exciting place. This bodes well for those looking to parlay their considerable talents into a more stable and lucrative industry. The best way to go about this is to be proactive and open to negotiation. If you're lucky, you'll be able to snag a juicy job at a major studio shortly.

The Majority Of Video Game Billionaires Aren't American

Most of the video game world's bafflingly large pool of riches isn't from your typical American game maker. Most of the shitbags, as mentioned earlier, are from other countries like China, South Korea, Japan, and Indonesia. While this may not be news to the industry's elite, it's something to note for those interested in the grander scheme.

As for snagging a top spot in the video game billionaire club, the sluggers, as mentioned earlier, have a tough time trumpeting the likes of Jeff Bezos, Elon Musk, Mark Zuckerberg, and the Chinese. This triumvirate is arguably the most potent trifecta in the history of gaming. They also have a leg up on their less enlightened cousins regarding consumer reach.

E-Sports Is A Video Game Industry

E-sports is a competitive gaming industry that includes various video games. They range from traditional sports to games that simulate physical events. Generally, e-sports involve teams competing for cash prizes. The e-sports industry is a thriving global market. It has grown from a casual hobby to a primary global sector. Approximately 380 million people worldwide watch esports events.

The market has experienced a booming increase in investment over the past two years. Investment sources include media companies, sports celebrities, and institutional sources of private capital. Investing in the e-sports industry allows the ecosystem to grow and develop. Across the world, there are various leagues and tournaments, including the North America League of Legends Championship Series. Popular global esports venues include the Seattle KeyArena and London Wembley Arena.

Author Bio

Tobin John holds a PhD degree from a prestigious university. He is associated with one of the best online Business PlanWriting Services and has been providing professional business writing services for over 15 years. After completing his Master, he started providing online business writing services on different platforms. Once his PhD was completed, he professionally joined service providers and now works for them.


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