via @Bloomberg.
With the recent explosive success of Grand Theft Auto V, which took in over $1 billion easily within the first week, many may be wondering if the success of the video game industry equates to the death of Hollywood. I mean, logically speaking, if the video game industry is taking a bigger profit from consumers, this extra money must be taken from a different industry, right?
Video games are no longer associated with the middle-aged person playing in their parents' garage. In fact, playing video games may now be the "cool" thing to do! While this is an interesting development, I personally do not think video games will be replacing the movie industry, even though it has become a pretty common occurrence to see users merge all the cutscenes to a video game as a "movie" and upload it to youtube.
I personally am guilty of watching cutscenes as movies because sometimes I just want to see how the story of the video game plays out, without spending hours and hours and hours playing the video game... (plus, I'm pretty terrible at first-person shooter games...).
It will be interesting to see how these two industries are affected, whether the increase in profits for the video game industry will lead to a decrease in profits for the movie industry.
