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$1.1 Trillion for Game Industry in 2003

Marcel Klum CEO - Neowin.net Neowin @redmak · Jun 12, 2003 15:04 EDT

From Gamasutra (free registration required) comes the annual "Entertainment and Media Outlook" report from PricewaterhouseCoopers. Their outlook for the game industry looks bright for 2003 - consumer spending worldwide may surpass $1.1 trillion(!), increasing 3.7% from 2002. Driven by the growth of broadband connections, wireless (cell phone) entertainment, and the influence of next-gen consoles, PricewaterhouseCoopers predicts that the videogame industry will become the U.S. market's fastest growing sector of the entertainment and media category this year.

News source: Evil Avatar