Gaming officially overtakes Hollywood in terms of get in money

dBoyFresh*212

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Gaming is sneaking out of Hollywood’s shadow.

Metal Gear Solid V: The Phantom Pain made $179 million globally on its opening day, according to Adobe Digital Index’s new report on gaming trends. Compare that to the blockbuster Avengers: Age of Ultron, which made $84 million globally on its opening day. Yes, The Phantom Pain made almost twice as much. So, the next time someone tells you that triple-A gaming is dying, you’re allowed to laugh in their face.

Metal Gear Solid V: The Phantom Pain came out for PlayStation 4, Xbox One, PlayStation 3, Xbox 360, and PC on September 1. We called it stealth-based perfection (that’s a bit light on story) in our review.

This feat is even more impressive when you consider that Metal Gear Solid V had a cheaper budget. It cost $80 million to make, while Age of Ultron had a massive $250 million budget. And games already make more than film: Gaming will be worth $91.5 billion this year, according to research group Newzoo. Accounting firm PwC says that the movie industry will be worth $88.3 billion in 2015.

“The gaming industry is a lot bigger than most marketers realize,” said Tamara Gaffney, principal analyst and director at Adobe in the report. “These games get more social buzz on opening day than most movies do, and the revenue for one of the top games this year outdid the highest-grossing movie start [Harry Potter and the Deathly Hallows Part 2 with $91 million] by nearly double.”


Above: Social media cares more about games than movies.

Image Credit: Adobe Analytics
This makes Konami’s move away from traditional gaming even more frustrating. The publisher/developer is focusing on mobile releases. While that is definitely a growing and rich sector of gaming, Metal Gear Solid V’s success proves that triple-A can still bring in a lot of money.
 

Ciggavelli

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and the budget was $80 mil?

why did they fire Kojima and cancel Silent Hills then?
All they care about is mobile now it seems. Plus, apparently Kojima was being difficult and went over budget. You can tell he wanted more, but Konami axed like half of chapter 2 in mgsv and maybe even chapter 3, if you believe the rumors.
 

mannyrs13

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This could've been predicted like five years ago. Ever since call of duty came thru and started putting up huge numbers every year on release, it was obvious that video games were the way to go. It's all economics. Video games cost less and retail for more. Piracy is what helped hurt the movie industry. Not as many people were downloading games like they did movies. Plus movie prices keep going up and video game sales remain the same. Movie theaters gotta maintain an overhead. Plus they gotta pay those who worked on the film. Video game companies can make a game, release it, sell about a million copies, and make a huge profit. According to my research, Minecraft is one of the biggest selling games out, not including a series like Mario or pokemon. Minecraft is a simple concept but is available on every operating system and video game platform available. When you market your product to a wide variety of consumers, it increases your market share and in turn your profits.
 

satam55

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I was about to call :duck:, but when you think about the price of brand new AAA video game at launch ($60) compared to the price of a movie ticket on opening weekend it makes sense.
 
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