Gaming industry revenues are forecast to total $35.3 billion by the end of 2005, a 5.3% rise from 2004 and are expected to increase significantly through 2010, when the market is estimated to be worth $51.3 billion, according to Informa Telecoms and Media. This strong performance is due to increased competitiveness from gaming providers, with… Continue reading Gaming Revenues To Rise 5.3% In 2005
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Liberty Media has entered into the online gaming sector, with John Malone acquiring the majority of FUN Technologies for $193.5 million. Malone now owns 51% of FUN Technologies, which supplies systems to AOL, MSN and Virgin, with Lorne Abony, co-founder and chief executive of FUN saying: “Liberty is the right strategic partner to enable FUN’s… Continue reading Liberty Enters Into Online Gaming Sector
Microsoft’s success in the digital gaming world will help the global games industry to grow from $35.3 billion in 2005 to $58.4 billion in 2007. According to a new report from Informa Telecoms & Media, Microsoft’s latest XBox games console will boost the overall performance of the industry, with competitors Sony and Nintendo also planning… Continue reading Global Games Industry To Reach $58.4 Billion In 2007
News Corporation has secured the purchase of American online gaming firm IGN Entertainment, gaining access to around 28 million male internet users, with sites covering video games, films, music, sports, cars and girls. The deal, worth $650 million, sees IGN incorporated into News Corp’s Fox Interactive Media Unit, extending Rupert Murdoch’s online activities to around… Continue reading News Corp Buys Online Gaming Firm
The first dedicated Xbox 360 magazine hits newsstands this week, despite the games console it covers still being months away from sale in Britain.360 magazine is published by Bournemouth-based Imagine Publishing and aimed at serious gamers in the 24-35 age bracket. Imagine claims its target audience are a discerning bunch, who “appreciate the Xbox 360’s… Continue reading New Xbox Title Targets Older Gaming Demographic
Video game players are watching less television, with one fourth claiming their pastime cuts into their TV consumption and a further 18% say they plan to reduce their viewing in the coming year. According to a new study released by Ziff Davis Media, time spent watching television among respondents declined from 18 hours per week… Continue reading Video Games Stealing TV Audiences
The value of the product placement market is predicted to reach $6.94 billion by 2009, increasing at a compound annual rate of 14.9% between 2004 and 2009, according to a new report published by US research company, PQ Media. Television is predicted to increase its share of total product placement spending by almost 7% over… Continue reading Product Placement To Hit $7 Billion By 2009
Specialist magazine giant, Future, has warned this morning that sales of titles in niche interest groups had been disappointing since the start of April, due to faltering consumer confidence in the UK. Future’s chief executive, Greg Ingham, delivered the company’s first-half results, stating: “Trading in the (fiscal) second half has begun a little below our… Continue reading Future Sees Profits Rise Despite Dip In Gaming Sector
Interest in mobile broadband services such as radio and music downloads is increasing among younger consumers, with enthusiasm for commercial free radio the strongest, followed by music downloading and mobile television. New research from The Management Network Group (TMNG) shows that, out of 1,000 US online consumers surveyed between the ages of 13 and 34,… Continue reading Younger Generation Gain Interest In Broadband Mobile Services
Gambling and sweepstakes sites are shown to be most popular with French and Swedish online users, while southern Europeans are revealed to be less likely to bet online, according to new data from internet research specialists Nielsen//NetRatings. More than 14 million Europeans, or 14% of those online, visited a gambling site in February, with gaming… Continue reading Over 14 Million Europeans Visited Gaming Sites During February