What I do know is that by revenue, the video games industry more than twice the size of the film and music industries combined. It also is growing faster (>9% yoy). Mobile gaming alone is about the same size as the whole film industry.
It is kind of pointing out than a vast chunk of 'the video games industry' uses funding models that don't involve selling games, and that it is completely stupid to lump together the 'traditional' gaming industry with completely different businesses and expect to gain any insight.
Isn't growth slowing? I cannot imagine it'll grow forever. Also gaming includes gambling now, albeit dressed in lootboxes and the like. Movies and TV are usually non-interactive.
Non-interactive, though I feel like choosing a movie to see in a theatre is a gamble in itself (especially if you don't want to watch all the spoiler/trailers).
Constant insistence that we lump "Mobile games", which are just thinly disguised skinner boxes and gambling machines, in with actual video gaming is genuinely ruining the industry.
I guess I'm in the minority. I set aside some monthly budget for guilt-free spending (ala Ramit Sethi approach) and $70 for a game that I play for 20 hours or more of entertainment is a no-brainer to me. Back in the day that would be like $3.50 an hour at an arcade (or less if more than 20 hours). 14 quarters per hour, I think I averaged way more than that back then.
Then there are subscriptions like PS+ for Playstation that is about $15/mo and I get 3 games that I mostly add to my library and hardly play.
If I play half a game and get distracted or bored, I just stop. If I'm not naturally pulled back in, I don't care. The whole "guilt free spending" budget concept really shifted my perspective from wanting to "get my money's worth" to more "its spent, I had fun, what's next/interesting now?" approach.
I don't buy more than two new games in a year which is why Game Pass has been great for me, now I play many more games and a greater diversity of indie games now that I can try them without committing to a purchase. I don't replay games so not owning them isn't a downside for me.
I'm willing to spend $20/month on Game Pass as an ongoing expense but never did feel great about spending the equivalent $60x4 on four games I could keep.
I guess I'm in the minority as well; not a Game Pass subscriber let alone own an xbox but I have been slowly acquiring games through Steam over the years, at most three titles last year. The most recent: Manifold Garden, BLACKSHARD, and Chaotic Era. To my knowledge, these are as indie as they can be in my books.
> If, on average, players are spending, say, £140 on two full price games (or less) each year
I buy games, but except for I think Call of Duty MW2, I don't think I've ever paid more than £20 for a game. I doubt the average purchase price is £70. Maybe if you limit to people who buy COD and Fifa (or Madden) every year?
It's a strange filter. With a single Steam sale, you could buy enough games for the entire year for less than the cost a new, single, full-priced game and would probably have a better experience. If you can wait a year, you can buy that same new game for half off or more. And subscription services like XBox Game Pass make buying games at all seem antiquated.
Agreed, although I think subscriptions are causing problems. I'm glad Steam exists, so PC gaming isn't just at the whim of the latest Microsoft deep-pocketed "strategy".
This is true. It's interesting to see the incentives of the industry though - this business model was less evenly distributed, but given how tough it is to make money in games, more companies are doing this.
What I do know is that by revenue, the video games industry more than twice the size of the film and music industries combined. It also is growing faster (>9% yoy). Mobile gaming alone is about the same size as the whole film industry.
Here is the source data (sorry I know it's not public) https://www.statista.com/outlook/amo/media/games/worldwide?c...