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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?
APParently it doesnt work
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.
Though the 30% is a pretty big chunk, it's nothing compared to the $11 trillion Hollywood loses on piracy every year. They've done studies and it's pretty clear that piracy costs them all the money ever times infinity.
Movies still far outpace TV sales, especially if you include TV.
The reported incomes are lies, due to Hollywood accounting.
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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.
Did they include all the aspiring actors/actresses working as waiters in that estimate?
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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
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.
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.
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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...
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Though the 30% is a pretty big chunk, it's nothing compared to the $11 trillion Hollywood loses on piracy every year. They've done studies and it's pretty clear that piracy costs them all the money ever times infinity.
Not just infinity, an uncountable infinity.
If it's your own language, you can write it however you want.
Not just infinity, an uncountable infinity.
Don't be ridiculous. Money is discrete, so an infinite amount of money would be Aleph Null, which is countable.
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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?
App is just short for application and application has always been the preferred word to describe end user software. A program is just a list of instructions.
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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.
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So I could pay pi dollars for a pie?
It isn't, however. The US still has the largest economy in the world by GNP.
Well... the EU, if you aren't talking about single countries, but the US is still a close second to all of the EU, and China is third.
And they use more burp and fart sound effects than all of Hollywood!
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.
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