Gaming: The Most Lucrative Entertainment Industry By Far
This article is published in collaboration with Statista
by Niall McCarthy
the video game industry is by far the most lucrative sector in the entertainment industry. Last year, gaming generated more than twice the global turnover of the music and film industries combined according to data published by Newzoo, Billboard and the IFPI for each market. The video game industry has experienced steady growth in recent years, particularly thanks to mobile games that now represent 45 percent of its total global revenue. Newzoo expects the gaming to surpass $200 billion in global revenue by 2023.
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