Entertainment king

Entertainment king

Video games have rapidly turned into the biggest entertainment industry in the United States based on consumer spending.

Video games are not child’s play, they’re actually one of the nation’s fastest growing economic sectors, providing more than 220,000 jobs in communities across all 50 states.

There are currently 150 million Americans playing video games, making video games the biggest entertainment industry in the United States based on consumer spending.

According to the Entertainment Software Association, the U.S. video game industry generated a record $43.4 billion in revenue in 2018, up 18% from 2017, proving its growth in mainstream American culture.

Americans spent a total of $35.8 billion on video game content (i.e. software, in-game purchases and subscription); home-video equipment was the second largest market, with revenue soaring over $23 billion; cinema collected an $11.9 billion total, while music topped over $9 billion.

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2019-07-30T16:33:03+00:00

About the Author:

Pablo Hernandez
Community Manager and Senior Reporter for CEO Magazine. Write to Pablo at pablo.hernandez@ceo-latam.com
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