MMO revenues to hit $68.3 billion by 2012

A PricewaterhouseCoopers study has predicted that online gaming revenues will hit a monstrous $68.3 billion by 2012.

This Gamespot piece claims the figure will exceed all other forms of online media business aside from online advertising.

There's additional stuff over there on expected console revenues. From the site:

The company predicts console games--led by the Wii, Xbox 360, and PlayStation 3--will go from $24.9 billion in 2007 to $34.7 billion in 2012, an annual growth rate of 6.9 percent. This increase will apparently come at the expense of the PC, which will see revenue slip 1.2 percent annually, from $3.8 billion in 2007 to $3.6 billion in 2012.

Friday nights are made for reading about electronic media revenue prediction. Read the entire thing and live the high life.