InvestorsHub Logo
Followers 689
Posts 143817
Boards Moderated 35
Alias Born 03/10/2004

Re: None

Wednesday, 09/23/2020 9:07:42 AM

Wednesday, September 23, 2020 9:07:42 AM

Post# of 6507
Gaming: The Most Lucrative Entertainment Industry By Far
By: Statista | September 22, 2020

When Microsoft announced its acquisition of ZeniMax Media for $7.5 billion on Monday, many people likely had to look the company up to find out that it’s is a video game holding company, most famous as the parent company of Bethesda. Bethesda? Glad you asked. As one of the largest privately held game developers and publishers in the world, Bethesda is the company behind video game franchises such as The Elder Scrolls, Fallout and DOOM, to mention only a few.

While some might still consider video games child’s play, that couldn’t be further from the truth. “Gaming is the most expansive category in the entertainment industry, as people everywhere turn to gaming to connect, socialize and play with their friends,” Satya Nadella, CEO of Microsoft, said in the company’s official announcement of the blockbuster deal. As the following chart shows, Nadella is right in his judgement. According to data from Newzoo, players around the world spent more than $145 billion on computer, video and mobile games last year, far exceeding global box office earnings and worldwide music revenues as reported by Comscore and IFPI, respectively.



Read Full Story »»»

DiscoverGold

Information posted to this board is not meant to suggest any specific action, but to point out the technical signs that can help our readers make their own specific decisions. Caveat emptor!
• DiscoverGold

Volume:
Day Range:
Bid:
Ask:
Last Trade Time:
Total Trades:
  • 1D
  • 1M
  • 3M
  • 6M
  • 1Y
  • 5Y
Recent MSFT News