g-f(2)62 THE BIG PICTURE OF THE DIGITAL AGE: MarketWatch, Videogames are a bigger industry than movies and North American sports combined, thanks to the pandemic

VIRAL KNOWLEDGE: The “genioux facts” knowledge news

Extra-condensed knowledge

• COVID-19 lockdowns expected to help global gaming sales rise 20% to nearly $180 billion in 2020, and experts don’t see growth taking a hit in 2021 after release of next-gen Playstation, Xbox.
• Global videogame revenue is expected to surge 20% to $179.7 billion in 2020, according to IDC data, making the videogame industry a bigger moneymaker than the global movie and North American sports industries combined. 
• The global film industry reached $100 billion in revenue for the first time in 2019, according to the Motion Picture Association, while PwC estimated North American sports would bring in more than $75 billion in 2020.

Genioux knowledge fact condensed as an image.

Category 2: The Big Picture of the Digital Age

[genioux fact produced, deduced or extracted from MarketWatch]

Type of essential knowledge of this “genioux fact”: Essential Deduced and Extracted Knowledge (EDEK).

Type of validity of the "genioux fact". 

• Inherited from sources + Supported by the knowledge of one or more experts.

Authors of the genioux fact

Fernando Machuca

References

Videogames are a bigger industry than movies and North American sports combined, thanks to the pandemic, Wallace Witkowski, Last Updated: Jan. 2, 2021, MarketWatch. 

ABOUT THE AUTHORS

Wallace Witkowski came to MarketWatch from the Associated Press in New York, where he was a business reporter specializing in pharmaceutical companies. He previously reported for trade publications in covering the drug and medical-device industries back to 1998. Based in San Francisco, his focus is on U.S. equities. Follow Wally on Twitter at: @wmwitkowski.