As it stands currently when it comes down to which entertainment industry is cashing out yearly, so many people will scream Hollywood. However, they are extremely wrong. Just because Hollywood is more glamorous, doesn't mean they are cashing out.
According to the ESA (Entertainment Software Association) and the NPD group, their latest figures show that in 2018 alone, the gaming industry gave the movie industry a run for its money.
The video game industry raked in a whopping 43.4 billion dollars in revenue. This is about four times the money that was made by the top one hundred movies of 2018.
The way it works now, you can stop dreaming about being the next Beyonce or starring in the next Marvel movie because the real money is currently locked in the gaming universe. This is great news as so many of us have social anxiety.
For a total of two decades, the gross sales of video games have significantly outweighed the receipts of the prominent box office. They have successfully surpassed the combination of theatre earnings and earnings of home videos altogether.
Every year, the video game industry has earned more revenue than the movie and music industry combined.
Movies Versus Games
If you want to compare the best movie premieres in the entire cinema history with the best game releases, it is evident that Hollywood has more glamour.
However, what is glamour compared to money? On the 27th of April, the premiere alone of Avengers: Infinity war was estimated to have raked in $257,698,183. This made it the best opening box office in movie history.
Closely followed is Star Wars: The Force Awakens which was released on the 18thof December 2015. It raked in $247,966,675.
Meanwhile, in our gaming universe, Grand Theft Auto V which was released on the 17th of September 2013, brought in roughly eleven million unities under twenty-four hours. In simpler terms, it raked in sales of about $817.5 million.
Within three days, the game successfully registered revenue of a billion dollars. It has since been rated as the highest-grossing entertainment product ever.
Grand Theft Auto V is followed closely by Rockstar Games' Red Dead Redemption 2. From its current chart, this game is a much bigger deal than the entire Avengers franchise.
According to charts by Statista, the games produced by Rockstar have made larger debuts than the biggest films we have today which consists of:
While Grand Theft Auto raked in one billion dollars within three days and earned the fastest-selling title ever, Avengers and Star Wars managed to rake in two billion dollars globally.
Besides, they made the fourth and third-biggest movies ever produced as the first and second remains Avatar and Titanic. To put it out there, Grand Theft Auto V has a minimum of seven Guinness World Records.
To Wrap It Up
As they say, numbers do not lie. The gaming industry is not as you thought it was before. The industry is seriously giving both music and movie industries a big run for their money and we are here for it.
Gaming is no longer for nerds alone, everyone is engaging in it via one way or another.