BBC News - "Gaming now worth more than video, music and the BBC combined"

YouTube

Someone in the comment section wrote:Come off it. Nentendoes, segas and all those other Stayplations are just all reasons why Britain is fast becoming a communistic regime. xBocks? Who cares. Gaming has become a capitalist hobby usually taken on my miserable people with nothing better to do than sit there with a joystick playing stupid cubism games like CraftMine. Get out there and just play hoscotch or billiards.

I love the BBC comment section.

jiggles wrote:
Rudolphin wrote:stuff

I'm not saying how it should be, I'm saying how it is.

All the investment that happens is to try and make more money. It's easy to picture Kotick laughing maniacally on a golden throne demanding MORE, but as you've correctly pointed out, he has to answer to shareholders, who all want their investments to grow. From the big VCs that it's easy to hate to the 26 year old single dad with one $47 share as a miniscule part of his pension portfolio,
or the Blizzard audio engineer that has stock options, everyone wants maximum returns for their capital. And if they're not getting the gains they expect, they'll move their money elsewhere.

(Company-wide figures include mobile and DLC, too. My point was more that AAA console and PC games that don't have any DLC are becoming less and less viable as investment opportunities.)

If I ask myself "what would the gaming industry look like in 2019 if every single game was £49.99 and nothing ever had DLC?" My best guess is that it would have crashed by now. Either by stagnation, or by oversaturation of low-quality shovelware.

Tell me sweet lies, jiggles.

NickSCFC wrote:
Quantum Name wrote:
Gemini73 wrote:Industry crash incoming.

This was my initial thought too. With Brexit likely to drive up costs for developers, publishers and retailers in the UK and EU, can things really be sustainable?

Does the UK have much of a development industry left?

Rockstar North, Sumo Digital, The Chinese Room, Media Molecule, Criterion, Ninja Theory, Hello Games and Jagex to name a few.

jiggles wrote:
Rudolphin wrote:stuff

I'm not saying how it should be, I'm saying how it is.

All the investment that happens is to try and make more money. It's easy to picture Kotick laughing maniacally on a golden throne demanding MORE, but as you've correctly pointed out, he has to answer to shareholders, who all want their investments to grow. From the big VCs that it's easy to hate to the 26 year old single dad with one $47 share as a miniscule part of his pension portfolio,
or the Blizzard audio engineer that has stock options, everyone wants maximum returns for their capital. And if they're not getting the gains they expect, they'll move their money elsewhere.

(Company-wide figures include mobile and DLC, too. My point was more that AAA console and PC games that don't have any DLC are becoming less and less viable as investment opportunities.)

If I ask myself "what would the gaming industry look like in 2019 if every single game was £49.99 and nothing ever had DLC?" My best guess is that it would have crashed by now. Either by stagnation, or by oversaturation of low-quality shovelware.

I suppose that was my point: you simply summarised capitalism without offering an opinion, which I thought was a bit...pointless? I mean, we all know how capitalism works.

What we're dealing with here is unchecked late stage capitalism which is an abusive practice that victimises low level workers for the sake of shareholders (and let's be clear, we're not talking about mom and pop penny share holders. We're talking international investment fund/banking group shareholders). To some extent the image of Kotick laughing maniacally IS accurate here. Saying 'oh well, that's the system' isnt really adding anything.

Abacus wrote:Or is it just due to the fact that no-one pays for music or 'video' any more, whereas it's harder to nick games?

That’s not strictly true. Piracy might still be there, but plenty of people are paying for streaming services like Netflix and Spotify. Those revenues might not be trickling down to the content creators, but people are spending money on music and video.

With things like EA Access and Microsoft's Gamepass, gaming may well be heading towards subscriptions in the same way as music/video.

Update on ActiBlizzard:

https://www.pcgamer.com/activision-bliz ... -pcgamertw

tl;dr Both Activision's and Blizzard's Chief Financial Officers have left within a week of each other, with Activision's guy actually being fired (after apparently accepting a role at another company).

Alls well though. No, seriously.

Games cost more than CD's and DVD's so they'd sell less to make more, plus with add-ons and micro transactions, it;s a constant money loop coming in.

Gaming worth more than video and music combined

The video games sector now accounts for more than half of the UK's entire entertainment market, according to a new report. The industry is worth £3.86bn ($4.85bn) - more than double its value in 2007 - said the Entertainment Retailers Association (ERA). That makes it more lucrative than video and music combined.

I'm genuinely surprised the games industry is worth so little. Perspective is everything. For instance, the BBC were taking in £3.7bn p.a. in annual UK license fees in 2016 alone (plus another £1.3bn in commercial revenue). Makes you think. https://www.telegraph.co.uk/news/2016/0 ... fee-money/

Snowy wrote:
NickSCFC wrote:
Quantum Name wrote:
Gemini73 wrote:Industry crash incoming.

This was my initial thought too. With Brexit likely to drive up costs for developers, publishers and retailers in the UK and EU, can things really be sustainable?

Does the UK have much of a development industry left?

Rockstar North, Sumo Digital, The Chinese Room, Media Molecule, Criterion, Ninja Theory, Hello Games and Jagex to name a few.

Don't forget Playground Games and Rare!

Cal wrote:
Gaming worth more than video and music combined

The video games sector now accounts for more than half of the UK's entire entertainment market, according to a new report. The industry is worth £3.86bn ($4.85bn) - more than double its value in 2007 - said the Entertainment Retailers Association (ERA). That makes it more lucrative than video and music combined.

I'm genuinely surprised the games industry is worth so little. Perspective is everything. For instance, the BBC were taking in £3.7bn p.a. in annual UK license fees in 2016 alone (plus another £1.3bn in commercial revenue). Makes you think. https://www.telegraph.co.uk/news/2016/0 ... fee-money/

1) Those figures are from 2013/14

2) Why is this relevant?

Cal wrote:
Gaming worth more than video and music combined

The video games sector now accounts for more than half of the UK's entire entertainment market, according to a new report. The industry is worth £3.86bn ($4.85bn) - more than double its value in 2007 - said the Entertainment Retailers Association (ERA). That makes it more lucrative than video and music combined.

I'm genuinely surprised the games industry is worth so little. Perspective is everything. For instance, the BBC were taking in £3.7bn p.a. in annual UK license fees in 2016 alone (plus another £1.3bn in commercial revenue). Makes you think. https://www.telegraph.co.uk/news/2016/0 ... fee-money/

Get strawberry floated, Cal.

The licence fee is essentially a mandatory tax, and a pretty expensive one at that too. The comparison is worthless.

Cal wrote:
Gaming worth more than video and music combined

The video games sector now accounts for more than half of the UK's entire entertainment market, according to a new report. The industry is worth £3.86bn ($4.85bn) - more than double its value in 2007 - said the Entertainment Retailers Association (ERA). That makes it more lucrative than video and music combined.

I'm genuinely surprised the games industry is worth so little. Perspective is everything. For instance, the BBC were taking in £3.7bn p.a. in annual UK license fees in 2016 alone (plus another £1.3bn in commercial revenue). Makes you think. https://www.telegraph.co.uk/news/2016/0 ... fee-money/

Sky makes £13bn across the whole of Europe. 1/3 of that is made in Germany, Austria and Italy. The rest is made in the UK, Spain and Ireland. This has no bearing on the market value of the UK Games industry though.

imbusydoctorwho wrote:Games cost more than CD's and DVD's so they'd sell less to make more, plus with add-ons and micro transactions, it;s a constant money loop coming in.

Black Mirror's Bandersnatch might have just opened the door to a similar scheme for film and TV. Music though, well, hard to monetize that more than it already is.

Quantum Name wrote:
Cal wrote:
Gaming worth more than video and music combined

The video games sector now accounts for more than half of the UK's entire entertainment market, according to a new report. The industry is worth £3.86bn ($4.85bn) - more than double its value in 2007 - said the Entertainment Retailers Association (ERA). That makes it more lucrative than video and music combined.

I'm genuinely surprised the games industry is worth so little. Perspective is everything. For instance, the BBC were taking in £3.7bn p.a. in annual UK license fees in 2016 alone (plus another £1.3bn in commercial revenue). Makes you think. https://www.telegraph.co.uk/news/2016/0 ... fee-money/

1) Those figures are from 2013/14

2) Why is this relevant?

1) Just imagine how much it is now - trillions probably

2) because the BBC are forcing us to be gender neutral and telling our kids that people have walked on the moon

Cal wrote:
Gaming worth more than video and music combined

The video games sector now accounts for more than half of the UK's entire entertainment market, according to a new report. The industry is worth £3.86bn ($4.85bn) - more than double its value in 2007 - said the Entertainment Retailers Association (ERA). That makes it more lucrative than video and music combined.

I'm genuinely surprised the games industry is worth so little. Perspective is everything. For instance, the BBC were taking in £3.7bn p.a. in annual UK license fees in 2016 alone (plus another £1.3bn in commercial revenue). Makes you think. https://www.telegraph.co.uk/news/2016/0 ... fee-money/

Wayne Rooney earned 300m and never even done a war.

Makes u fink xoxo

Rocsteady wrote:Wayne Rooney earned 300m and never even done a war.

Makes u fink xoxo

Rocsteady wrote:
Cal wrote:
Gaming worth more than video and music combined

The video games sector now accounts for more than half of the UK's entire entertainment market, according to a new report. The industry is worth £3.86bn ($4.85bn) - more than double its value in 2007 - said the Entertainment Retailers Association (ERA). That makes it more lucrative than video and music combined.

I'm genuinely surprised the games industry is worth so little. Perspective is everything. For instance, the BBC were taking in £3.7bn p.a. in annual UK license fees in 2016 alone (plus another £1.3bn in commercial revenue). Makes you think. https://www.telegraph.co.uk/news/2016/0 ... fee-money/

Wayne Rooney earned 300m and never even done a war.

Makes u fink xoxo

Cheeky banana split, Wayne Rooney is a true English warrior.

Moggy wrote:Cheeky banana split, Wayne Rooney is a true English warrior.

He was the captain of the worst England team in decades.

Somebody Else's Problem wrote:
Moggy wrote:Cheeky banana split, Wayne Rooney is a true English warrior.

He was the captain of the worst England team in decades.

Nonsense. You only think that because the BBC spent £3.7bn p.a. on anti-ENGLISH propaganda and anti-ROONEY CGI.

BBC News - "Gaming now worth more than video, music and the BBC combined"

Who is online

Affiliates