Video games made more money than this year’s sports and movie combination

While most of the entertainment industry suffered from the blockade and delays of 2020, video games managed to outperform both movies and sports.

In one of the most profitable years in the industry to date, video games were able to generate more revenue in 2020 than both cinemas and sporting events combined. COVID-19 (new coronavirus infection) (# If there is no character limit, add parentheses when it first appears This year’s pandemic cast a big shadow on the entertainment industry, forcing some sports venues to close doors for months at a time, cinemas. Probably out of money, And some long-awaited movies like Black widow And Fast & Furious 9 It is quite late in 2021.

Even the video game industry suffered continuous blockades and other necessary health precautions stabs throughout 2020. Gamestop Switch to a delivery-only business model and major events such as: E3 Either Delayed or completely canceled In a long and very difficult year. However, despite these setbacks, the video gaming industry will continue to make stable profits in 2020, perhaps even more than other popular entertainment media.

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According to a new report by MarketWatch.comThe video game industry is expected to generate more than $ 179.7 billion in revenue by the end of 2020, most of which comes from mobile games. This is significantly higher than both the film industry (which generated over $ 100 billion in revenue in 2019) and sports (which exceeded $ 75 billion this year). Analysts at JP Morgan say coronavirus outbreaks are easy and many factors are driving the high profits of the gaming industry in 2020. Cross-play compatibility between different consoles, And a steady increase in digital software downloads from online retailers, including: vapor And that Epic games store Being the chief among them.

Video Game Revenue Chart 2020

There is also a new release Playstation 5 And Xbox series X Console increased hardware sales by 58% (equivalent to about $ 1.4 billion) in November, Widely published shortage Of these systems at boot time. Major companies and franchises also boosted sales in 2020, Activision Blizzard’s call of Duty Outstanding game thanks to the release of Call of Duty: Black Ops Cold War Last month and 2019 Duty Modern Warfare Call We have maintained the top title on the chart this year as well.

Given that consumers are stuck for most of 2020, it’s no wonder they’re drawn to entertainment video games rather than movies and sports.After all, the latter two usually require fans to leave home to watch the latest games and movies (with network broadcasts). Despite the online streaming service), Video games can be enjoyed entirely from the comfort of your living room (and can even be purchased recently). Whether the gaming industry can continue this wave of success in 2021 will be known over time, but Sony, Microsoft, Activision It may be benefiting, especially after a turbulent year.

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Source: MarketWatch.com

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Video games made more money than this year’s sports and movie combination

https://screenrant.com/video-games-more-money-sports-movies-combined-2020/ Video games made more money than this year’s sports and movie combination

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