Online Gaming Continues to Surge
Yet more from those ever insightful analysts as the post E3 lull bites, Lazard Capital's Colin Sebastian telling us that the growth of online gaming shows no signs of abating - the genre having munched 25 percent of the entire games industry this year.
Analyst Colin Sebastian is estimating that online game revenue has now reached $11 billion as part of a $44 billion worldwide video game market, with 2009 as the "year the pace of change accelerated."
With titles such as World Of Warcraft now bringing around $1 billion in revenue yearly to Activision Blizzard, it's easy to see why one of Sebastian's takeaways from E3, RF online gold, in a new analyst note, was: "Internet moving from sideshow to part of the main event."
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