Tag Archives: billions
Thu, Dec 04, 2008 | 19:45 GMT
Korea’s government is backing the nation’s games industry with a 350 billion won ($200 million) investment until 2012, aiming to expand the country’s game exports to 5 trillion won ($3.39 billion) per year.
According to a report in Korean news publication Digital Chosunilbo, Culture, Sports and Tourism Minster Yu In-chon revealed the plans in a recent meeting, citing the potential for the games industry to drive future growth.
More on Gamasutra.
Thu, Jun 19, 2008 | 11:45 BST
According to the PricewaterhouseCoopers comprehensive Global Entertainment and Media Outlook report for 2008 on Reuters, the videogame industry should be worth $68 billion by the year 2012.
Console games will continue drive sales, with an expected growth of 6.9 percent from $24.9 billion in 2007 to $34.7 billion in 2012. The report also predicts an increase at a compound annual rate of 6.3 percent, with sales up to $11.7 billion in 2012 from $8.6 billion in 2007 in the US.
Online games, which generated $6.6 billion in 2007, will also grow to $14.4 billion in 2012.
Loads more numbers and graphs through the link.
By Mike Bowden