FT.com / Technology - Video games to triple music market by 2014

Another sign of the times

The global video games market will expand to three times the size of the recorded music market by 2014, according to a new study highlighting further profound shifts in consumers’ and advertisers’ media spending over the next five years.

Growth in online, mobile and casual gaming will drive a compound annual growth rate of 10.5 per cent in consumer spending on video games – the strongest growth in the media sector, says PwC’s annual Global Entertainment and Media Outlook.

This will take the industry’s revenues from $51bn to $84bn by 2014, PwC forecasts, contrasting with revenues of $28bn for recorded music.

FT.com / Technology - Video games to triple music market by 2014