While other parts of the world economy are shrinking in the wake of the financial crisis, one sector is booming: online gaming. The first global online gaming conference opened in the German city of Leipzig on Friday, and runs until Sunday night. Silvana Kuerschner, strategy director global of the games convention, says the conference aims to bring all parties involved in online gaming, from developers to end users, together, and that right now the sector is one of the world’s most dynamic. “The industry is seeing growth of 20 percent annually,” Kuerschner says. Not bad in economic times which have seen television, film, music, DVDs, and both print online media delivering dwindling economic returns. Price Waterhouse Coopers has forecast that turnover in the online gaming industry in Germany for 2009 will exceed 170 million euros ($2.1 million). At the same time, the market for conventional PC-based computer games is set to stagnate. Thirteen million people all over the world play World of Warcraft online. Biggest game of all time. Probably the biggest single success of all time when it comes to online games is World of Warcraft, or ‘WoW’ as its devotees call it. Players enter into an imaginary world,… Read full this story
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