ZNGA - What's bigger than the film and sports industry combined? Videogames

The videogame industry has boomed in recent years and the trend is only likely to grow after the release of next-gen gaming consoles from Playstation (SNE) and Xbox (MSFT).In fact, global videogame revenue is expected to soar 20% to $179.7B in 2020, according to IDC data. That's more than the combined annual sales of the film industry ($100B) and the global sports sector ($75B) - data is from the MPAA and PwC.Bigger picture: With the rise of streaming game services, mobile gaming and cross-platform games, titles aren't limited to a specific console, while digital sales and in-app purchases are padding companies' bottom line. Hours of gameplay has also increased to an average of 14 hours a week since COVID-19 was declared a pandemic in March, compared with an average of 12 hours a week from a year ago.Related: Activision Blizzard (ATVI), Electronic Arts (EA), Take-Two Interactive (TTWO), Zynga (ZNGA), and

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What's bigger than the film and sports industry combined? Videogames