NZ Games Sector To Lead Growth

PriceWaterhouseCoopers’ “New Zealand Entertainment and Media Outlook 2012-2016” report estimated that the interactive games sector will experience an annual compound growth rate of 6.3 percent for the next four years.  This will outstrip expected growths for music, film and cable TV.

Last year, physical retail gaming revenues dropped 18 percent  from the year before to NZ$149 million ($125. 61 million), and unit sales were down 7 percent.

But the New Zealand Game Developers Association (NZGDA) attributed it to consumers moving to digital products and insisted that the sector remained buoyant. It said there were more than 380 full-time game developers based in NZ in 2012 and 73 commercial games were released by NZ game studios between 2011 and 2012.