Games Industry Growth
ESA, known as the Entertainment Software Association, released a report earlier this week in partnership with Economists Incorporated, about the impact of the video games industry on economy in the United States.
Surprisingly, the key takeaway from the study found that the video games industry is growing 4 times faster than the U.S. economy.
Other interesting statistics from the study revealed that from 2009 to 2012, video game industry job growth increased 13 times the rate of the U.S. labor market - and the average annual salary of someone directly employed in the video games industry is $95,000.
You can take a look at more of the report’s findings here on GamesIndustry.
The Business of Games
Because video games have a relatively short life cycle and highly competitive nature compared to other industries, it can be difficult to create a long-term and sustainable business out of them.