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

Comments

Bad comparaison

[MouseR]

They are comparing a global economy (Apps) to a local US market.

What's the profit of global Hollywood sales?

Re:And if you count the 30% Apple kept

[tbuddy]

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.

Liars figure and figures lie

[TrollstonButterbeans]

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.