The American App Economy Is Now "Bigger Than Hollywood"

Posted by samzenpus on Wednesday January 28, 2015 @07:26AM from the there's-an-app-for-that dept.

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

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Re:Bad comparaison by Anonymous Coward · 2015-01-28 07:51 · Score: 2, Informative

And only U.S. box office, which does not take into account foreign distribution, as well as other forms of revenue such as DVD sales and licensing.
Apple doesn't know how many jobs its App Store has created, it is using pure statistical formulas to get its numbers. The Hollywood numbers, which extends beyond the Los Angeles area since most productions happen throughout the country, are drawn from the reported jobs from the associated trade unions.