The App Industry Is Bigger Than Hollywood

Before 2008, Apple's App Store didn't exist. Today, it's bigger business than Hollywood. That's the claim made by analyst Horace Dediu, who's compared figures from the two industries. He's pointed out that the amount paid out to iOS app developers 2014 -- over $10 billion -- now exceeds the amount taken by Hollywood at the box office. Of course, there are additional streams of revenue for Hollywood beyond the US domestic box office. But Apple's App Store "is not the complete revenue picture eith...