Analyst: Games Industry To Reach 49 Billion USD By 2011 Options

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Analyst: Games Industry To Reach 49 Billion USD By 2011 Posted by XanTium | June 22 15:08 EST | News Category: Xbox360

From gamasutra.com: [QUOTE] According to a new PricewaterhouseCoopers report, the video game industry is set to see above-average growth, reaching $48.9 billion by 2011, with Asia leading all other regions, as in-game advertising spikes, and despite a decline in PC game sales. The new "Global Entertainment and Media Outlook" report, as summarized by entertainment publication The Hollywood Reporter, says the games market will see compound annual growth of 9.1 percent over the next five years, ahead of the 6.4 percent expected for the overall entertainment market. By region, the report says Asia will see the highest overall spending to reach $18.8 billion in five years, followed by the combined regions of Europe, Middle East, and Africa, with the U.S. trailing to a respective $12.5 billion by 2011. [/QUOTE] Full Story: gamasutra.com