In one of the industry’s most profitable years to date, video games managed to earn more than both movie theaters and sporting events combined in 2020. The ongoing Fast & Furious 9 being delayed well into 2021.
Even the video game industry was hit by the sting of ongoing lockdowns and other necessary health precautions throughout 2020, with gaming retail chains like delayed or outright canceled over the long and very difficult year. However, despite these setbacks, it seems that the video game industry still managed to land a steady profit in 2020, perhaps even more than other popular entertainment mediums.
According to a new report by Epic Games Store being chief among them.
There’s also the release of the new Call of Duty: Modern Warfare remaining a chart-topping title well into this year.
Given that consumers were stuck inside for most of 2020, it would stand to reason that they would gravitate more towards video games for entertainment rather than movies or sports. After all, while the latter two typically require fans to leave their homes to catch the newest game or movie (network broadcasts and Activision are likely reaping the benefits after a particularly tumultuous year.
Source: MarketWatch.com