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Video game industry grows at 35 per cent: report
MUMBAI: The global video game industry had a 35 per cent aggregate revenue growth for the past fiscal year. It also had an aggregate operating income in 2002 of 11.5 per cent of revenue compared with an aggregate loss in 2001.
In its latest report research company Research and Markets however noted that these gains have not translated into stock price increases. The company estimated that the average video game company’s stock was down 51 per cent from January 2000 to January 2003.
The report is titled Market Leaders in the Video Game and Interactive Entertainment Industry. The company went on to note that there was a significant difference in the prospects of companies in the interactive entertainment industry. The report divides the companies into four categories.
The first category consists of the four market leaders: Electronic Arts, Microsoft, Nintendo and Sony. These are the dominant companies in the industry.
The report noted that in the past five years, Sony had emerged as the leading force in the video game industry. From fiscal 1995 to fiscal 2002, Sony reported $36 billion in revenue from video games, compared with $32 billion for Nintendo. On the other hand, Nintendo has reported significantly higher operating income.
Nevertheless, the momentum is clearly on Sony’s side. Nintendo has been consistently profitable, but their revenue has not significantly grown in the past ten years.
The report also examined the performance of European companies that have grown rapidly through expansion. They are Eidos Interactive, Infogrames, Ubi Soft and Vivendi Universal Games. These companies have large product lines but face the challenge of absorbing acquisitions, managing debt and building up a solid marketing infrastructure outside Europe.
The report also stated that Japanese-based companies Capcom, Konami, Namco and Sega are faced with the problems of a declining arcade business and a slow Japanese economy. Their biggest challenge will be expanding on an international basis.
News Broadcasting
Rising Bharat Summit 2026 spotlights India’s global ascent
PM Modi keynotes two-day event with ministers, diplomats and icons in New Delhi.
MUMBAI: India didn’t just host a summit, it threw a coming-out party for a nation ready to own the global stage. The News18 Rising Bharat Summit 2026, held on 27–28 February in New Delhi, emerged as a high-octane platform for ideas, vision and strategic dialogue, uniting national leadership, global policymakers, industry titans, defence strategists and cultural icons under the theme “Strength Within”.
Prime minister Narendra Modi set the tone with a keynote that framed India’s resurgence as a reclaiming of lost potential built over generations. “In previous industrial revolutions, India and the Global South were merely followers,” he said. “But in the era of Artificial Intelligence, India is a partner in decisions and shaping them.” He highlighted the country’s thriving AI startup ecosystem and the recent AI Impact Summit attended by over 100 nations.
Union minister Piyush Goyal (Commerce & Industry) stressed India’s readiness to scale exports and deepen manufacturing, while Ashwini Vaishnaw (Railways, I&B, Electronics & IT) positioned technology and infrastructure as twin engines of growth, especially in AI and digital trust. Jyotiraditya Scindia (Communications & North East Development) revealed India’s ambition to lead in 6G through the Bharat 6G Alliance and partnerships with over 30 countries.
Global voices added depth: former Singapore Foreign Minister George Yeo called India’s development “self-sustaining” and strategically vital; ex-UK Chief of Defence Staff General Sir Nick Carter asserted India deserves a seat at the great powers’ table; and former US Commerce Secretary Carlos M. Gutierrez joined ambassadors from Norway, Germany and Sweden in discussions on geopolitical realignment, sustainability and defence preparedness.
Other speakers included veteran investor Ramesh Damani, World Gold Council CEO David Tait, Vianai Systems founder Dr Vishal Sikka, DeepTech Bharat Foundation co-founder Shashi Shekhar Vempati, defence experts Rajesh Kumar Singh, Sunil Ambekar, Patrick McGee, Tom Cooper and Adrian Fontanellaz, plus cultural and sporting icons Kangana Ranaut, Saina Nehwal, PR Sreejesh, Mohammed Shami, Yuzvendra Chahal, Mithali Raj, Anil Kapoor and Yami Gautam.
The summit was supported by Jio Financial Services (Presenting Partner), Phonepe and DS Group (Co-Presenting Partners), Pernod Ricard India and Kia Seltos (Powered By & Driven By), state governments of Uttar Pradesh, Chhattisgarh and Uttarakhand (State Partners), and associate partners including NSE, M3M Foundation and Reliance Industries.
Broadcast live across News18 Network, CNBC-TV18 and CNBC Awaaz, the event reinforced India’s image as a confident democracy and emerging global power proving that when strength comes from within, the world can’t help but watch.
