Cable & Telecom

Mobile entertainment revenue in U.S. tops $9B in 2014: SNL Kagan

NEW YORK - Americans are now spending almost as much on smartphone and tablet entertainment as at they are at the box office.According to a recent article by American research firm SNL Kagan, mobile entertainment was estimated to have generated $9.14 billion in revenue last year, fast approaching the roughly $10 billion per year the U.S. box office generates from ticket sales. The combined revenue from mobile games, video, music and location-based services (LBS) has grown at a 50% CAGR since 2011, up from $2.71 billion in 2011.Touch-screen smartphones are a great fit for mobile games. The larger screens, touch capabilities, accelerometers...