Movies are definitely something we know makes a ton of money. However, video games earn double the U.S Box Office movies’ this year so far.
According to a report from market research firm The NPD Group, video games are earning double the U.S Box Office’s revenue. This is in the span of Q1 and Q2 of 2018.
In that year span, NPD reports that the U.S. game industry collected US$19.5 billion in all sales. This includes mobile games and excludes trading card games.
The nominal includes revenue from game consoles, headsets, and other gaming peripherals. If we cut that apart, the total number is US$16.9 billion.
On the other hand, the U.S movie industry collected $8.1 billion total gross. The movies include 584 movies listed among the domestic films charted so far this year through August.
The question is, what is making the game industry so strong in terms of revenue. It’s a mix of mobile games like Candy Crush and AAA multi-platform console and/or PC titles like Far Cry 5 and God of War
The top five sellers (in alphabetical order) through June 30 are Candy Crush, Far Cry 5, Fortnite, God of War, PlayerUnknown’s Battlegrounds, and Roblox.
However, NPD did not break down the revenue total for each game stated above. But what we can know is that the first week of sales for Far Cry 5 tops the first week of sales for Black Panther.
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Black Panther being the biggest box office movie this year generated US$292 million in the first week. Far Cry 5, on the other hand, generated a whopping US$310 million.
Game industry seems to be so bright, but why is Indonesia and most South East Asian countries are not getting the most of it?
It’s a task that many industry activists are still trying to achieve.
Edited by Devi