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The American App Economy Is Now "Bigger Than Hollywood"
Lemeowski writes Technology business analyst Horace Deidu found an interesting nugget while closely examining an Apple press release from earlier this year: "The iOS App Store distributed $10 billion to developers in 2014, which, Deidu points out, is just about as much as Hollywood earned off U.S. box office revenues the same year." That means the American app industry is poised to eclipse the American film industry. Additionally, Apple says its App Store has created 627,000 jobs, which Deidu contrasts with the 374,000 jobs Hollywood creates
They are comparing a global economy (Apps) to a local US market.
What's the profit of global Hollywood sales?
It's much bigger.
APParently it doesnt work
Sure would be fun!
Wasn't there a bunch of articles lately explaining how much of these app developers aren't making any return because of how difficult it is to be seen on the store or how most users don't really use much of these apps once the hype passes.
Movies still far outpace TV sales, especially if you include TV.
The reported incomes are lies, due to Hollywood accounting.
If you ignore ACs because they are anonymous - you're an idiot.
Soon, James Cameron will rip his shirt off, scream "NOT FOR LONG, MOTHERFUCKERS!" and return from a week-long free-dive of the Titanic to direct a new blockbuster that will dominate the world in a way that YOUR LITTLE MIND CAN'T EVEN IMAGINE!
SJW's don't eliminate discrimination. They just expropriate it for themselves.
...Hollywood accounting practices? I doubt it.
Everyone thinks you make tons of money in hollywood...
So the better headline here is probably:
"Want to make half as much as you would in Hollywood? Become a mobile app developer"
Did they include all the aspiring actors/actresses working as waiters in that estimate?
Blessed is he who expects the worst, for he shall not be disappointed.
There are many that create apps and have them for sale at Apple, but do they make a living from these sales? There was an article saying App store is more like a casino. House always collects revenue, almost all participants lose money but a few make some money. Article went on about how everyone has to pay $100 to submit their app to Apple Store, and most apps have little sales. Occasionally some apps have huge sales (i.e. Angry Birds) and developers make lots of money. I wonder if same like Hollywood says it creates 374,000 jobs but does that include people working at theaters making marginal income, or starving actors who occasionally get a stand-in part for $50?
mfwright@batnet.com
It doesn't make sense to compare App Store revenue to merely one of the many ways the MPAA gouges America.
Now apps are something apple exclusive. Ok, I get it.
Hollywood job pays on average 27K. (Using the numbers in the summary). Hollywood pay distributed very unequally. A few mega stars and peanuts for the bit players. The App distribution is much more broad, compared to Hollywood anyway. Without these super mega paychecks and glamor it will not get much of media play.
sed -e 's/Chuck Norris/Rajnikant/g' joke > fact
The real Justin B crashes cars, and the Justin B app crashes phones.
Table-ized A.I.
Follow the money boys!
Someone is going to form the Application Developers Arts Association (ADAA), joining the ranks of MPAA and RIAA. In 5 years or less the stated goal is to have fines of $34.14 x10^8 or more for even looking at the wrong app on the wrong phone at the wrong time. Its a brilliant business plan! ProfiiiT...
And the Chinese economy is bigger than the American economy.
How about that comparison?
The software industry has ALWAYS been bigger than hollywood, or at least since the '80s. "App" is just a weirdo word that was created to define programs for smartphones and tablets. And I still refuse to name them that way.
Subtract out the top 1% of pay to play games and quite a different story will reveal itself.
Case in point, Clash of Clans makes $500,000 per day and it is well known that Apple commands the overwhelming majority of mobile app $$$ volume. If you add in the revenue from the top 100 "freemium" pay-to-play games that $10 billion figure is going to shrink very, very quickly.
A handful of Freemium games are the top payouts, with almost the 99.999% of the rest making near 0.
Priest: "Universe from nothing, no laws of physics, sped up time"+ huge discrepancies. Creationism? No. Big Bang Theory
Keep in mind that many app developers put a huge amount of time and effort into developing their apps and publishing them, and then only see a small trickle of income. They just hover at the edges of the app economy desperately trying to catch their big break, while watching the big stars like Rovio rake in huge paychecks every day. Often they have to work side jobs like waiting tables to pay the bills while they dream of becoming stars in their own right. And sadly, the statistics suggest that most of them won't ever make it big.
Contrast that to Hollywood, where... uhh, nevermind. Carry on.
The App's market is way smaller then hollywood
Just ask Congress!
https://www.opensecrets.org/in...
I take no responsibility for what I say. Even though I'm never wrong
Try learning how to write your own language properly.
u MAD bro??!!!!
If it's your own language, you can write it however you want.
How much of this money apps are making goes to corporations, and how much to individual developers? How many of the jobs created are at corporations (and consultants hired by corporations) and how much do these people get paid? Giving us a lump sum payout is meaningless unless we know how this money is distributed. What are the odds that someone could create an app and break even (remember you have to buy a Mac for development, buy devices to test on, and pay Apple to publish your app, and then give Apple a cut)? I would say as close to zero as possible, like in calculus where you take the limit approaching zero.
App revenue: Worldwide
Hollywood revenue: Only US, only box office.
App store created jos: Includes developer jobs (that is what mainly it is)
Hollywood job creation: Ignores the jobs created at box office
We helped the French during World War 2 so they wouldn't have to speak German. The French helped us during the American Revolution so we wouldn't have to speak English.
The French! They have a different word for everything.
Comment removed based on user account deletion
My app has made over $3000 so far.
My films have grossed nearly $100.
I spent less time on the app.
You are correct. Their word for everything is 'tout'
http://www.acetonestudio.com
Deidu points out, is just about as much as Hollywood earned off U.S. box office revenues the same year." That means the American app industry is poised to eclipse the American film industry.
Um, except Hollywood doesn't earn as much from US box office as it does from these:
* NON-US box office
* Disc sales
* Rental fees
* Merchandising rights
So how is this comparison (and the headline) valid?
oldmac31310, you spoke French!! (begins kissing arm)
The right statement here is:
The American App Economy Is Now "Bigger Than Ben Hur"...
Meh. Everything is bigger than Hollywood.
Okay, that's a little bit of an exaggeration, but honestly, on the scale of major first-world institutions that people know and recognize, Hollywood is pretty small potatoes. Apple alone rakes in more than double the entire worldwide film industry's take. 2013 worldwide film industry revenues: $88B, and Hollywood is only about 2/3 of that. 2014 Apple revenues: $183B. IBM also is also bigger than Hollywood. Google is about as big as Hollywood. Ford is bigger than Hollywood. GM is bigger than Hollywood. Exxon Mobil is more than six times as large as Hollywoood.
The film industry is almost noise in the US national economy. It's chump change.
Where Hollywood is a heavyweight, though, is in politics. It has massively disproportionate power in comparison to its segment of the economy. Why? Simple: political power is about influence, not money, and Hollywood has direct access to the voters' brains. Large quantities of money can also buy access to said brains, but there is no amount of money that could buy as much political advertising as Hollywood can pack into its entertainment output. And any individual actor of note can stand up and say something and get press coverage that would cost tens of millions if purchased, free.
Luckily, Hollywood isn't politically homogeneous, so to a large degree the politics of our entertainment media reflect the same varied sets of opinions found in the nation as a whole. Not perfectly, but largely. There are some areas in which the interests of Hollywood are highly homogeneous, however, such as around copyright law, and there they wield incredible clout.
Anyway, my core point here isn't about that, it's just that Hollywood's visibility and influence makes it seem much bigger than its actual economic status.
Note to ACs: I usually delete AC replies without reading them. If you want to talk to me, log in.
And they use more burp and fart sound effects than all of Hollywood!
Luxembourg has an "app economy" as its Apple SRL that takes your cash regardless of country, communities never see a dime and have to beg for school pens https://www.kinf.org/
Hollywood isn't particularly big when it comes to industries. Hollywood is, when you look at it globally, not even the biggest player in the movie industry. It's largely insignificant to the economy.
but is it bigger than hip hop ?
[site]
Yeah, next they'll be claiming that actors do it.
Confucius say, "Find worm in apple - bad. Find half a worm - worse."