Gaming Industry More Valuable Than Music and Video in the UK

Discussion in 'HardForum Tech News' started by AlphaAtlas, Jan 3, 2019.

  1. AlphaAtlas

    AlphaAtlas [H]ard|Gawd Staff Member

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    The BBC reports that the UK video games sector is worth more than the video and music industries combined. At $4.85 billion, it has "more than double its value in 2007." The report cites Fifa 19, Red Dead Redemption 2 and Call of Duty: Black Ops 4 and the big drivers in the industry, as each sold more than a million copies in 2018, but also mentioned that f2p games like Fortnite aren't even a part of those figures.

    The games market has grown, despite the fact that the physical console and PC games market shrank slightly in 2018, and digital also had a modest 12.5% growth... Piers Harding-Rolls, head of games research at IHS Markit said: "During the last five years the games sector has benefited hugely from the mainstream adoption of games apps on smart devices, and the transition from physical distribution to digital distribution in established parts of the market such as console gaming. "Games are now truly mass market and a very important part of the entertainment sector."
     
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