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Thread: Games spending to top music this year

                  
   
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    Nightmaren Shrygue's Avatar
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    Default Games spending to top music this year

    via Games Industry


    Global spending on videogames is set to outpace the music sector this year, according to new research by Pricewaterhouse Coopers.

    The videogame market is expected to grow above the average rates of other entertainment industries until at least 2011, fuelled by new consoles, wireless gaming, in-game ads and online play.

    As detailed by The Hollywood Reporter, Pricewaterhouse Cooper predicts the gaming market to be worth USD 48.9 billion by 2011 (EUR 36.4 bn) with a growth rate of 9.1 per cent, compared to the entire entertainment market growing by 6.4 per cent annually, over the same period.

    However, the firm's analysis does not include consumer spending on hardware and accessories, only on software.

    "Videogaming is one of the most exciting stories in terms of pure growth numbers," commented Marcel Fenez, global managing partner at Pricewaterhouse Coopers.

    The Asia Pacific region will see the highest overall spending, expected to reach 18.8 billion (EUR 14 bn), or compound annual gains of 10 per cent, by 2011.

    The EMEA regions are expected to see gains of 10.2 per cent and the US gains of 6.7 per cent, or 12.5 billion (EUR 9.3 bn) during the same period.

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    CONSOLE HOARDER VampDude's Avatar
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    I thought VideoGames outspaced music anyway? Mostly everyone downloads their music thesedays, I get all the music I want for a set price per month which I can get a hell of a lot more than if I went to the store to buy my music. The only time I buy music from the store is if it has something that isn't offered via download I.E: a dvd or a cool limited edition case.

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