The Effects Of Video Games On The Video Game Industry

The network effects in the video game industry are derived from the console system that is sold to consumers. If a company is able to increase penetration in this arena, though at-cost/ below-cost pricing or pull created through the development of desirable content, it can potentially lock in the added value of the video games sold for the system. Which is to say, the console locks-in the network effects in the industry and the games serve to reap the profits. The video games, however, may present something of a challenge in that they can be somewhat easily replicated by competitors. Nintendo used an encrypted chip system to reduce this possibility.

Video games have been around for years with many different types of consoles and games. The video game industry has grown into a $20 billion dollar industry over the past ten years, and it only shows signs of growing larger in the years to come. In the United States alone, the market has grown considerably where 60% of all Americans play video games, 40% are women, and 60% of all gamers are between the ages of 25 through 44 years old (games-advertising.com). According to an article on Gamespot.com, analysts estimate that the video game category will have about 50 to 55 more square feet of shelve space in Best Buy by the year 2007.

In the past video games have evolved from what they were in the past. Going from having to go to and arcade to playing a video game to playing in their very own home. Gaming changes from bad graphics and sound to 3-D graphics and perfect sound. Video games went from been in arcades to gaming systems, cell phones, and to computers.

The video game industry (formally referred to as interactive entertainment) is the economic sector involved with the development, marketing and sale of video and computer games. It includes video game consoles, game software, handheld devices, mobile games and online games. The video gaming industry has been growing exponentially in recent years. The growth is expected to leap-frog in the future.

The video game industry has become a huge influence on society and the economy today. It is an industry that is so huge that it is estimated that 70% of U.S homes will own a Video game system by the year 2005, (Cassandra, 2002) Just one year away. But what made it the way it is? Since it is still an industry it has to follow the natural laws of economics. In this paper we will dive into the industry that now has gone beyond movies and recordings in profit.

The increasing popularity of video games on a global scale has started the explosion in research of this field over the last decade, which has helped us gain more knowledge about how video games affect the players .Since video games have been introduced, kids have been spending endless hours staring at the screen bring up the question: Are they good or bad? Most parents would say that it is a negatively impacting activity. Most kids would disagree. I am here to tell you that video games aren’t so bad. In moderation, videogames can improve memory, accuracy, etc. When you play videogames too much it can have effects such as: loss of motivation and social skills. Just like anything else, videogames can be detrimental when misused, but can have positive effects if used correctly.

Video games over the years have developed into graphic bloody sources of ideas for adolescents. The games kids play today has large physiological effects that can really mess with one 's mind. Violent video games have a long history of provoking aggressive behavior which can ultimately lead to people getting hurt. The realism gives the players more power by making them immune to the reality of the situation.

What is pop culture? Popular culture is defined in the dictionary as the culture based on tastes of ordinary people rather than an educated elite. Pop culture should be taught in schools. By teaching pop culture to students, it will help them know what’s going on in the world and helps them pay more attention in class. There are different types of pop culture such as, entertainment, music, video games, and sports. Teaching pop culture can benefit any classroom.

Video games are a part of our entertainment industry and are more accessible than they have ever been. The video game industry is one of the fastest growing sectors in the U.S. economy. According to Wallace (2014), the video game industry generated about $78.5 billion in revenue and only fell behind the film industry at $88.2 billion. As the industry continues to expand, so does the technology that gives the games more realism and immersion. Games depicting violence is becoming more graphic and detailed than ever before.

Video Games often receive a lot of bad press; this is because they are so easy to blame for the wrong doings by many individuals; but do video games really negatively impact society?

Technology is a large part of modern society, especially in industrial society. Depending on who you ask, people are either in favour of the advancement in technology or some are against its progression arguing that people have become too reliant. Cellphones are one of the main forms of technology that people talk about most, questioning whether they are a good thing or bad. Many people are also concerned with the advancement in video games, worrying that video games are the cause of crime and violence. What hasn’t been talked about much is the progression in cloning and the growing of human organs in pigs, whether this technology could be considered positive or negative is debatable but there are also ethical concerns to consider. Finally

Herman et all (2002) points out that history of video games begins from 1971 year, when Nutting association released 1500 machines with Spacewar video game. At the beginning it was too difficult to control the game process and playing machines had huge dimensions. But by the time with new technologies they become more compact and easier to play. According to the information given by Herman et all (2002), the period between the years of 1978-1981 is called ‘golden age’ of video game industry. In this period the arcade games ‘Football’ and ‘Space Invaders’ were released. All previously known sale records were broken by these two games with nearly equal wages. In this time interval great breakthroughs in the field of graphics were achieved,

Video games on a global scale have become one of the most lucrative of what is considered “new media” in today’s society. They came from humble beginnings in the form of games such as Pong and Pacman, games that consisted of limited color and moving dots. Now the gaming industry is worth billions of dollars. In a recent study conducted by Forbes magazine in 2012, figures showed that the video game industry was worth an estimated 67 billion dollars and in 2017 it will be worth an estimated 82 billion dollars (Gaudiosi, 2012). With its rise in popularity as a result of its technological advancements, video games are one of the top choices among many adolescents as well as young adults as a form of entertainment.

Video games, also known as electronic games, computer games. Since the 1960, this by the players through the electronic equipment in the computer graphics virtual visual environment for AI, or matching player of entertainment, has passed more than 40 years of development history.The Video Game is one of the most important and the most popular leisure activities in the world. The types and rules of the game gradually evolved with the times. In 1961, the Massachusetts Institute of Technology students developed the first video game called "SpaceWar", in the mid-80s, Nintendo, Sega, Sony, Microsoft and other companies have joined the game market competition, combined with the television with home games, "Mario", "Final Fantasy" has become the youth of several generations of memory . After four decades of development, video games has become an indispensable part of the leisure culture and one of the most important entertainment industry. A report from economists Incorporated-reports that "the video game industry added $ 4.95 billion to the US Gross Domestic product last year-and the entertainment side of the software world is heavy popular faster than other segments of the economy. (The Entertainment Software Association, the video game Industry's trade group commissioned the study.)" (CNBC NEWS, 2010). All aspects of research show that it has a profound impact on society, although the negative view that have bad effect on the physical and mental to young people, it still can not

Today, people spend excessive amounts of time watching TV or playing video games. Although not all television shows and games endorse violence, the majority of them do. This violence can have severe personality effects on children if unmonitored. Some of these effects include depression, aggression, or lack of morals which can affect children later on in life.