How Free-To-Play and In-Game Purchases Took Over the Video Game Industry

  • 📰 nbcsandiego
  • ⏱ Reading Time:
  • 27 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 14%
  • Publisher: 51%

Business News News

Business Business Latest News,Business Business Headlines

As mobile games have grown, game developers have adopted free-to-play games driven by in-game purchases.

's"Call of Duty," while still maintaining its yearly new edition release, saw more than $1 billion spent worldwide on its free-to-play mobile version of the game while its"Warzone" platform hit the 125 million player mark in June. It also made the newest version of its"Overwatch" series, which generated $1 billion in sales in its first year of release in 2016, into a free-to-play model.

Kabam also benefited, with its revenue growing 70% in 2012 to more than $180 million helped by its game"Kingdoms of Camelot: Battle for the North," which the company said was the top-grossing iOS app that year. Mobile gaming has outpaced the growth of the broader video game market over the last decade and is estimated to take in $136 billion in global spending this year, compared to a combined $86 billion for PC, console, and handheld console gaming combined, according to a study by data.ai and IDC.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 524. in BUSÄ°NESS
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Stocks Making the Biggest Moves Midday: Tesla, Enphase Energy, Exxon Mobil and MoreThese are the stocks posting the largest moves in midday trading.
Source: NBCDFW - 🏆 288. / 63 Read more »