Daily Bulletin


  • Written by News Company

When most people think of the entertainment industry, they usually imagine films, music and theatre. However, there is one area of the entertainment world that many people forget but which is worth millions of dollars.

The sector which can be overlooked when the word "entertainment" is mentioned is gaming. In fact, the top gaming titles are higher grossing than some of the big film releases that make headlines.

Powered by Betway

Video gaming tops the entertainment market

If you look at research pieces like the one written by Betway, and the statistics, It's hardly surprising that the gaming industry is so powerful. It's estimated that there are around 2.4 billion gamers on the planet. Developers and publishers like Epic Games and Konami have benefited from the vast market with titles like Fortnite and the Silent Hill series.

You only need to look at its revenue to see how big the gaming industry is. In 2018, it generated around $135 billion globally. This figure is expected to rise to $180.1 billion by 2021. Compare this to movie box office revenue of $41.7 billion, in 2018. The fact is that around 80% of films produced actually lose money.

Even the top grossing films in history do not necessarily outdo video games. For instance, Avengers: Endgame took over US$858,373,000 during its opening weekend. Whereas, Grand Theft Auto V took around US$1 billion in the three days following its release. So, why is video gaming so popular and lucrative?

Reasons behind the rise of video gaming

Advances in technology mean that game developers are able to continue producing fresh and engaging content on a continuous basis. However, this is not the only reason for the growth of the gaming industry. Smartphones and e-sports have had a major impact.

For instance, mobile gaming accounts for around 60% of the total global gaming revenue. As the appetite for smartphones continues to grow, this percentage is only likely to increase.

When it comes to e-sports; the biggest tournaments attract masses of attention, from competitors and fans alike. Competitions involving games like Fortnite, Dota 2, League of Legends and Overwatch have transformed the world of gaming. It has changed from what was considered a pastime to a potentially lucrative activity that involves skill and strategy. The very best professional gamers can earn millions of dollars.

The future for gaming

Gaming has most definitely transformed into mainstream entertainment to be reckoned with. Its huge fan base and continuing evolution mean that it will continue to be a booming sector of the entertainment industry. This means that its takeover looks set to continue into the future, especially when it comes to mobile gaming and the development and growth of the e-sports industry. Of course, there will always be a place for old school entertainment like films and music but gaming is very much here to stay and is set to become more dominant.

Writers Wanted

Yes, baby teeth fall out. But they're still important — here's how to help your kids look after them


Abused, neglected, abandoned — did Roald Dahl hate children as much as the witches did?


The Conversation


Ray Hadley's interview with Scott Morrison

RAY HADLEY: Prime Minister, good morning.    PRIME MINISTER: G’day Ray.   HADLEY: I was just referring to this story from the Courier Mail, which you’ve probably caught up with today about t...

Ray Hadley & Scott Morrison - avatar Ray Hadley & Scott Morrison

Prime Minister's Remarks to Joint Party Room

PRIME MINISTER: Well, it is great to be back in the party room, the joint party room. It’s great to have everybody back here. It’s great to officially welcome Garth who joins us. Welcome, Garth...

Scott Morrison - avatar Scott Morrison

Prime Minister Interview with Ben Fordham, 2GB

BEN FORDHAM: Scott Morrison, good morning to you.    PRIME MINISTER: Good morning, Ben. How are you?    FORDHAM: Good. How many days have you got to go?   PRIME MINISTER: I've got another we...

Scott Morrison - avatar Scott Morrison

Business News

Tips to find the best plastic manufacturing supplier for your needs

Plastics are very much an important part of all of our lives, but they’re particularly valuable to a wide variety of industries that rely on their production for their operations. The industries, ...

News Co - avatar News Co

7 foolproof tips for bidding successfully at a property auction

Auctions can be beneficial for prospective buyers, as they are transparent and fair. If you reach the limit you are willing to pay, you can simply walk away. Another benefit of an auction is tha...

Dominique Grubisa - avatar Dominique Grubisa

Getting Ready to Code? These Popular and Easy Programming Languages Can Get You Started

According to HOLP (History Encyclopedia of Programing Languages), there are more than 8,000 programming languages, some dating as far back as the 18th century. Although there might be as many pr...

News Co - avatar News Co

News Co Media Group

Content & Technology Connecting Global Audiences

More Information - Less Opinion