Text messaging bigger than Hollywood?:
We find this one a little hard to believe, but according to at least one set of stats, text messaging is a bigger business than the movie industry. Revenues for texting in 2005 were about $75 billion, vs. $30 billion for Hollywood. Text is even bigger than the video game biz, which only brings in $40 billion. And, to top it off, texting has a 90% profit margin. Given that texting is bigger than the movie business, we assume it's only a matter of time before it has its own stars and scandals. Oh, wait, it's already got that, right Paris?
(reference:www.textually.org)
I am not sure of the numbers (presumably all worldwide figures), but if true, thats a cool figure for text messaging. Pulling down that much revenue with 90% margins, the cellphone companies seem to be making out like a bandit (yet Verizon insists on charging extra for every little thing! grr. And another thing, Verizon, if I pay $100 - $200 for a phone, I was all the bloody features it is supposed to come with!!!! ...sorry, I am not pleased with Verizon right now) Somehow, knowing what cellphone companies are making off me isn't going to deter me from texting my friends. It's just too convenient. :)
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