Extra Lives: What's Driving the Surge in Video-Game Business
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Video-game executives headed for the annual E3 gathering in Los Angeles next week are looking a lot smarter than their counterparts in other corners of the entertainment industry.
While movie and TV studios continued to be roiled by new forms of digital entertainment, video-game companies have come through looking like winners, with revenue growing and their stocks at all-time highs. The convention running June 13 to June 15 will show just how much the $109 billion business has changed.
The Electronic Entertainment Expo sold 15,000 tickets to consumers this year, a first for a show historically focused on industry insiders and the media who cover the business. Mobile games and virtual reality will be featured at E3, along with traditional console titles. The expo also will host is first esports contests, allowing fans and professionals to compete in front of audiences.
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