SlideShare a Scribd company logo
Game Ecosystems
  Business Model Innovation in the Digital
Entertainment Sector: Implications for Policy

            Dr Vili Lehdonvirta
      LSE Innovation Co-Creation Lab




            vili.lehdonvirta.com
              Twitter: @ViliLe
Why Games?
—  $65 Billion industry, bigger than music or cinema
—  Digital game companies are pioneers in innovations
  that drive today’s digital economy
  —  Games have contributed to the worldwide
    development of computer hardware more than any
    other application

—  What can we learn from business model innovation
  in the Finnish game industry?
Finnish Game Industry
Turnover 165 M€ – 90% from export    (2011)

—  Represents ~0.25% of Finland's total exports
—  CAGR 22%! (2004-2011)
1300 employees    (2011)

—  Average employees per company: 16
—  Young males
Business Model Innovation 1: Digital Distribution




         Source: Neogames, The Finnish Game Industry 2010-2011
Business Model Innovation 1: Digital Distribution

Hurdles:
1.  Fragmented e-payment infrastructure
2.  Fragmented e-commerce regulation
3.  Fragmented taxation systems
Integrated distribution platforms (App Store, Steam)
solve this – but at the cost of 30% of revenues to
California
→ Policies aimed at creating a seamless digital
      market
Business Model Innovation 2: Virtual Economies

                                             Consumer sells
 Consumer buys                               content to other
 Virtual Currency                           consumers to earn
                        Consumer uses           money/VC
                      Virtual Currency to
                         buy content /      Developer redeems
 Consumer earns         Creates content
 Virtual Currency                             Virtual Currency
through gameplay                             for earnings from
      or ads                                      publisher


—  From credit card payments to stored value and micro-
  payments (virtual currency)
—  Users and third-party developers not only consume but
  also create value (user-created content, microwork)
—  Users and third-party developers can redeem virtual
  currency for real money
Business Model Innovation 2: Virtual Economies

Regulatory hurdles:
—  Virtual currencies’ unclear regulatory/tax status (closed
  loop/open loop, accounting rules, breakage, ...)
—  Micro-employment not recognized in employment
  regulation
—  Electronic payment infrastructure does not facilitate
  payments back to consumers
  —  PayPal solves this, but at the cost of ~5% of earnings to
     California


→ Explicit policy development on virtual currencies and
      microwork
Business Model Innovation 3: Crowdfunding




                                  Kickstarter.com
Business Model Innovation 3: Crowdfunding

Regulatory hurdles:
—  Donations-based crowdfunding
  —  Regulations designed for physical donations
  —  Global digital online donations
—  Investment-based crowdfunding
  —  Heavy regulation of investment offers
  —  Number of investors can be 10,000s


→ Policies aimed at frictionless donations and
      micro-investment
Finnish Game Ecosystem
—  The biggest business model innovation in the Finnish
  game industry is the ecosystem
—  The ecosystem is vital for talent, technology, investment
  and innovation
—  Consists of developers, universities, industry events &
  organizations, informal networks, angel investors, public
  R&D support, gamers, gamer events, media
—  Most important component is game culture: high
  acceptance of digital gaming in Finnish society &
  history of hobby game programming competitions
→ Policies aimed at promoting grassroots digital culture!
Summary
Policies needed for:
—  Seamless digital market
—  Virtual currencies
—  Digital micro-employment
—  Digital donations & micro-investments
—  Game culture!
                     Thanks for listening!
                         vili.lehdonvirta.com
                           Twitter: @ViliLe

More Related Content

What's hot

DFS21_Main Stage_Jonathan Goderis_Keypoint_211130
DFS21_Main Stage_Jonathan Goderis_Keypoint_211130DFS21_Main Stage_Jonathan Goderis_Keypoint_211130
DFS21_Main Stage_Jonathan Goderis_Keypoint_211130
FinTech Belgium
 
Digital town Smart City Expo - Final
Digital town Smart City Expo - FinalDigital town Smart City Expo - Final
Digital town Smart City Expo - Final
DigitalTown, Inc
 
GLOBAL CHAINED DELIVERY NETWORK: PROOF OF CONCEPT BY RWE
GLOBAL CHAINED DELIVERY NETWORK: PROOF OF CONCEPT BY RWEGLOBAL CHAINED DELIVERY NETWORK: PROOF OF CONCEPT BY RWE
GLOBAL CHAINED DELIVERY NETWORK: PROOF OF CONCEPT BY RWE
Digital Currency Summit
 
Why do NFTs influence the spread of businesses throughout Metaverses?
Why do NFTs influence the spread of businesses throughout Metaverses?Why do NFTs influence the spread of businesses throughout Metaverses?
Why do NFTs influence the spread of businesses throughout Metaverses?
Next Earth
 
Technology Trends in Finance 2016
Technology Trends in Finance 2016Technology Trends in Finance 2016
Technology Trends in Finance 2016
Reynaldo (Rey) Lugtu
 
D app 101
D app 101D app 101
D app 101
Tom Ding
 
Building Open protocol ventures
Building Open protocol venturesBuilding Open protocol ventures
Building Open protocol ventures
Tom Ding
 
Webinar - Public-private collaboration in COVID-19 emergency payments respons...
Webinar - Public-private collaboration in COVID-19 emergency payments respons...Webinar - Public-private collaboration in COVID-19 emergency payments respons...
Webinar - Public-private collaboration in COVID-19 emergency payments respons...
Better Than Cash Alliance
 
Digital Trend Study 2022 - "New Digital Fronts".
Digital Trend Study 2022 - "New Digital Fronts".Digital Trend Study 2022 - "New Digital Fronts".
Digital Trend Study 2022 - "New Digital Fronts".
Space and Lemon Innovations
 
Startupbootcamp FinTech & CyberSecurity Selection Days 2017
Startupbootcamp FinTech & CyberSecurity Selection Days 2017Startupbootcamp FinTech & CyberSecurity Selection Days 2017
Startupbootcamp FinTech & CyberSecurity Selection Days 2017
Startupbootcamp Amsterdam
 
The Attention Web (Berlin 18 October 2016)
The Attention Web (Berlin 18 October 2016)The Attention Web (Berlin 18 October 2016)
The Attention Web (Berlin 18 October 2016)
Meher Roy Chowdhury
 
Attention Backed Assets - Princeton Ethereum Meetup - 19 jan 2017 - final
Attention Backed Assets - Princeton Ethereum Meetup - 19 jan 2017 - finalAttention Backed Assets - Princeton Ethereum Meetup - 19 jan 2017 - final
Attention Backed Assets - Princeton Ethereum Meetup - 19 jan 2017 - final
Meher Roy Chowdhury
 
DigitalTown Connect Travel Leadership Summit February 2018
DigitalTown Connect Travel Leadership Summit February 2018DigitalTown Connect Travel Leadership Summit February 2018
DigitalTown Connect Travel Leadership Summit February 2018
DigitalTown, Inc
 
Finance: An Autonomous future
Finance: An Autonomous futureFinance: An Autonomous future
Finance: An Autonomous future
Tom Ding
 
Biz model template
Biz model templateBiz model template
Biz model template
Andy Martin
 
Fintech.
Fintech.Fintech.
Fintech.
Fidan Mirzayeva
 
Nanopayments - Fuel for a Machine-To-Machine Economy | Meinhard Benn
Nanopayments - Fuel for a Machine-To-Machine Economy | Meinhard BennNanopayments - Fuel for a Machine-To-Machine Economy | Meinhard Benn
Nanopayments - Fuel for a Machine-To-Machine Economy | Meinhard Benn
Blockchain Conferences
 
Ven Digital Currency Overview from Hub Culture
Ven Digital Currency Overview from Hub CultureVen Digital Currency Overview from Hub Culture
Ven Digital Currency Overview from Hub Culture
stanstalnaker
 
Financial Technologies Innovations: A Roadmap to Social Well Being
Financial Technologies Innovations: A Roadmap to Social Well BeingFinancial Technologies Innovations: A Roadmap to Social Well Being
Financial Technologies Innovations: A Roadmap to Social Well Being
Vinod Kashyap
 

What's hot (19)

DFS21_Main Stage_Jonathan Goderis_Keypoint_211130
DFS21_Main Stage_Jonathan Goderis_Keypoint_211130DFS21_Main Stage_Jonathan Goderis_Keypoint_211130
DFS21_Main Stage_Jonathan Goderis_Keypoint_211130
 
Digital town Smart City Expo - Final
Digital town Smart City Expo - FinalDigital town Smart City Expo - Final
Digital town Smart City Expo - Final
 
GLOBAL CHAINED DELIVERY NETWORK: PROOF OF CONCEPT BY RWE
GLOBAL CHAINED DELIVERY NETWORK: PROOF OF CONCEPT BY RWEGLOBAL CHAINED DELIVERY NETWORK: PROOF OF CONCEPT BY RWE
GLOBAL CHAINED DELIVERY NETWORK: PROOF OF CONCEPT BY RWE
 
Why do NFTs influence the spread of businesses throughout Metaverses?
Why do NFTs influence the spread of businesses throughout Metaverses?Why do NFTs influence the spread of businesses throughout Metaverses?
Why do NFTs influence the spread of businesses throughout Metaverses?
 
Technology Trends in Finance 2016
Technology Trends in Finance 2016Technology Trends in Finance 2016
Technology Trends in Finance 2016
 
D app 101
D app 101D app 101
D app 101
 
Building Open protocol ventures
Building Open protocol venturesBuilding Open protocol ventures
Building Open protocol ventures
 
Webinar - Public-private collaboration in COVID-19 emergency payments respons...
Webinar - Public-private collaboration in COVID-19 emergency payments respons...Webinar - Public-private collaboration in COVID-19 emergency payments respons...
Webinar - Public-private collaboration in COVID-19 emergency payments respons...
 
Digital Trend Study 2022 - "New Digital Fronts".
Digital Trend Study 2022 - "New Digital Fronts".Digital Trend Study 2022 - "New Digital Fronts".
Digital Trend Study 2022 - "New Digital Fronts".
 
Startupbootcamp FinTech & CyberSecurity Selection Days 2017
Startupbootcamp FinTech & CyberSecurity Selection Days 2017Startupbootcamp FinTech & CyberSecurity Selection Days 2017
Startupbootcamp FinTech & CyberSecurity Selection Days 2017
 
The Attention Web (Berlin 18 October 2016)
The Attention Web (Berlin 18 October 2016)The Attention Web (Berlin 18 October 2016)
The Attention Web (Berlin 18 October 2016)
 
Attention Backed Assets - Princeton Ethereum Meetup - 19 jan 2017 - final
Attention Backed Assets - Princeton Ethereum Meetup - 19 jan 2017 - finalAttention Backed Assets - Princeton Ethereum Meetup - 19 jan 2017 - final
Attention Backed Assets - Princeton Ethereum Meetup - 19 jan 2017 - final
 
DigitalTown Connect Travel Leadership Summit February 2018
DigitalTown Connect Travel Leadership Summit February 2018DigitalTown Connect Travel Leadership Summit February 2018
DigitalTown Connect Travel Leadership Summit February 2018
 
Finance: An Autonomous future
Finance: An Autonomous futureFinance: An Autonomous future
Finance: An Autonomous future
 
Biz model template
Biz model templateBiz model template
Biz model template
 
Fintech.
Fintech.Fintech.
Fintech.
 
Nanopayments - Fuel for a Machine-To-Machine Economy | Meinhard Benn
Nanopayments - Fuel for a Machine-To-Machine Economy | Meinhard BennNanopayments - Fuel for a Machine-To-Machine Economy | Meinhard Benn
Nanopayments - Fuel for a Machine-To-Machine Economy | Meinhard Benn
 
Ven Digital Currency Overview from Hub Culture
Ven Digital Currency Overview from Hub CultureVen Digital Currency Overview from Hub Culture
Ven Digital Currency Overview from Hub Culture
 
Financial Technologies Innovations: A Roadmap to Social Well Being
Financial Technologies Innovations: A Roadmap to Social Well BeingFinancial Technologies Innovations: A Roadmap to Social Well Being
Financial Technologies Innovations: A Roadmap to Social Well Being
 

Viewers also liked

Epigenetics
EpigeneticsEpigenetics
Epigeneticsyoyosuky
 
Sotarauta presentation wp 2012
Sotarauta presentation wp 2012Sotarauta presentation wp 2012
Sotarauta presentation wp 2012
rahimsaatov
 
Gurcharan singh presentation
Gurcharan singh presentationGurcharan singh presentation
Gurcharan singh presentation
rahimsaatov
 
Anne mari jarvelin stimulating open innovation in services 2
Anne mari jarvelin stimulating open innovation in services 2Anne mari jarvelin stimulating open innovation in services 2
Anne mari jarvelin stimulating open innovation in services 2
rahimsaatov
 
Ilkka lakaniemi nokia wb training_2012.pptx (read-only)
Ilkka lakaniemi nokia wb training_2012.pptx (read-only)Ilkka lakaniemi nokia wb training_2012.pptx (read-only)
Ilkka lakaniemi nokia wb training_2012.pptx (read-only)
rahimsaatov
 
Inclusive innovation halme wb_08062012
Inclusive innovation halme wb_08062012Inclusive innovation halme wb_08062012
Inclusive innovation halme wb_08062012
rahimsaatov
 

Viewers also liked (6)

Epigenetics
EpigeneticsEpigenetics
Epigenetics
 
Sotarauta presentation wp 2012
Sotarauta presentation wp 2012Sotarauta presentation wp 2012
Sotarauta presentation wp 2012
 
Gurcharan singh presentation
Gurcharan singh presentationGurcharan singh presentation
Gurcharan singh presentation
 
Anne mari jarvelin stimulating open innovation in services 2
Anne mari jarvelin stimulating open innovation in services 2Anne mari jarvelin stimulating open innovation in services 2
Anne mari jarvelin stimulating open innovation in services 2
 
Ilkka lakaniemi nokia wb training_2012.pptx (read-only)
Ilkka lakaniemi nokia wb training_2012.pptx (read-only)Ilkka lakaniemi nokia wb training_2012.pptx (read-only)
Ilkka lakaniemi nokia wb training_2012.pptx (read-only)
 
Inclusive innovation halme wb_08062012
Inclusive innovation halme wb_08062012Inclusive innovation halme wb_08062012
Inclusive innovation halme wb_08062012
 

Similar to Vili l game ecosystems

Sima 2016
Sima 2016Sima 2016
Sima 2016
Andrew Walker
 
Casual Connect Keynote - Creating a Bull Market: How to Manage a Successful V...
Casual Connect Keynote - Creating a Bull Market: How to Manage a Successful V...Casual Connect Keynote - Creating a Bull Market: How to Manage a Successful V...
Casual Connect Keynote - Creating a Bull Market: How to Manage a Successful V...
Social Gold
 
Real Blockchain Use Cases.pdf
Real Blockchain Use Cases.pdfReal Blockchain Use Cases.pdf
Real Blockchain Use Cases.pdf
apidays
 
Third Industrial Revolution May/June 2015
Third Industrial Revolution May/June 2015Third Industrial Revolution May/June 2015
Third Industrial Revolution May/June 2015
Robin Teigland
 
Third Industrial Revolution for Nordic Financial Unions
Third Industrial Revolution for Nordic Financial UnionsThird Industrial Revolution for Nordic Financial Unions
Third Industrial Revolution for Nordic Financial Unions
Robin Teigland
 
Upvest - Asset Tokenization - A practical deep dive
Upvest - Asset Tokenization - A practical deep diveUpvest - Asset Tokenization - A practical deep dive
Upvest - Asset Tokenization - A practical deep dive
Alexander Reichhardt
 
The Eikonico Presentation
The Eikonico PresentationThe Eikonico Presentation
The Eikonico Presentation
Giovanni Esposito
 
Presentation 2
Presentation 2Presentation 2
Presentation 2
Michael Cahalane
 
Pitch deck v3
Pitch deck v3Pitch deck v3
Pitch deck v3
Dmitriy Kryshtal
 
KoinStreet Pitchdeck (Seed Round)
KoinStreet Pitchdeck (Seed Round)KoinStreet Pitchdeck (Seed Round)
KoinStreet Pitchdeck (Seed Round)
Roshaan Khan
 
The Evolutionary Journey of Non-Fungible Tokens A Comprehensive Insight.pdf
The Evolutionary Journey of Non-Fungible Tokens A Comprehensive Insight.pdfThe Evolutionary Journey of Non-Fungible Tokens A Comprehensive Insight.pdf
The Evolutionary Journey of Non-Fungible Tokens A Comprehensive Insight.pdf
Liveplex
 
2021: The second wave of Fintech Disruption: Trends to watch out
2021: The second wave of Fintech Disruption: Trends to watch out2021: The second wave of Fintech Disruption: Trends to watch out
2021: The second wave of Fintech Disruption: Trends to watch out
IndusNetMarketing
 
Presentation joys en (1)
Presentation joys en (1)Presentation joys en (1)
Presentation joys en (1)
Владислав Гаврилюк
 
Tech trends that will define the industry of luxury by amish
Tech trends that will define the industry of luxury by   amishTech trends that will define the industry of luxury by   amish
Tech trends that will define the industry of luxury by amish
Amish Dargan
 
Cryptocurrencies, Blockchain & Smart Contracts: The New Wave of Decentralizat...
Cryptocurrencies, Blockchain & Smart Contracts:The New Wave of Decentralizat...Cryptocurrencies, Blockchain & Smart Contracts:The New Wave of Decentralizat...
Cryptocurrencies, Blockchain & Smart Contracts: The New Wave of Decentralizat...
Raffaele Mauro
 
D media presentation en v0.2 2
D media presentation en v0.2 2D media presentation en v0.2 2
D media presentation en v0.2 2
Fabernovel
 
COTI - NOAH18 London
COTI - NOAH18 LondonCOTI - NOAH18 London
COTI - NOAH18 London
NOAH Advisors
 
Monetising Digital Platforms & Rights
Monetising Digital Platforms & RightsMonetising Digital Platforms & Rights
Monetising Digital Platforms & Rights
Vision+Media
 
Web 2.0 fails to produce cash
Web 2.0 fails to produce cashWeb 2.0 fails to produce cash
Web 2.0 fails to produce cash
Dan Romescu
 
Knowledge Map of the Virtual Economy: an Introduction
Knowledge Map of the Virtual Economy: an IntroductionKnowledge Map of the Virtual Economy: an Introduction
Knowledge Map of the Virtual Economy: an Introduction
Vili Lehdonvirta
 

Similar to Vili l game ecosystems (20)

Sima 2016
Sima 2016Sima 2016
Sima 2016
 
Casual Connect Keynote - Creating a Bull Market: How to Manage a Successful V...
Casual Connect Keynote - Creating a Bull Market: How to Manage a Successful V...Casual Connect Keynote - Creating a Bull Market: How to Manage a Successful V...
Casual Connect Keynote - Creating a Bull Market: How to Manage a Successful V...
 
Real Blockchain Use Cases.pdf
Real Blockchain Use Cases.pdfReal Blockchain Use Cases.pdf
Real Blockchain Use Cases.pdf
 
Third Industrial Revolution May/June 2015
Third Industrial Revolution May/June 2015Third Industrial Revolution May/June 2015
Third Industrial Revolution May/June 2015
 
Third Industrial Revolution for Nordic Financial Unions
Third Industrial Revolution for Nordic Financial UnionsThird Industrial Revolution for Nordic Financial Unions
Third Industrial Revolution for Nordic Financial Unions
 
Upvest - Asset Tokenization - A practical deep dive
Upvest - Asset Tokenization - A practical deep diveUpvest - Asset Tokenization - A practical deep dive
Upvest - Asset Tokenization - A practical deep dive
 
The Eikonico Presentation
The Eikonico PresentationThe Eikonico Presentation
The Eikonico Presentation
 
Presentation 2
Presentation 2Presentation 2
Presentation 2
 
Pitch deck v3
Pitch deck v3Pitch deck v3
Pitch deck v3
 
KoinStreet Pitchdeck (Seed Round)
KoinStreet Pitchdeck (Seed Round)KoinStreet Pitchdeck (Seed Round)
KoinStreet Pitchdeck (Seed Round)
 
The Evolutionary Journey of Non-Fungible Tokens A Comprehensive Insight.pdf
The Evolutionary Journey of Non-Fungible Tokens A Comprehensive Insight.pdfThe Evolutionary Journey of Non-Fungible Tokens A Comprehensive Insight.pdf
The Evolutionary Journey of Non-Fungible Tokens A Comprehensive Insight.pdf
 
2021: The second wave of Fintech Disruption: Trends to watch out
2021: The second wave of Fintech Disruption: Trends to watch out2021: The second wave of Fintech Disruption: Trends to watch out
2021: The second wave of Fintech Disruption: Trends to watch out
 
Presentation joys en (1)
Presentation joys en (1)Presentation joys en (1)
Presentation joys en (1)
 
Tech trends that will define the industry of luxury by amish
Tech trends that will define the industry of luxury by   amishTech trends that will define the industry of luxury by   amish
Tech trends that will define the industry of luxury by amish
 
Cryptocurrencies, Blockchain & Smart Contracts: The New Wave of Decentralizat...
Cryptocurrencies, Blockchain & Smart Contracts:The New Wave of Decentralizat...Cryptocurrencies, Blockchain & Smart Contracts:The New Wave of Decentralizat...
Cryptocurrencies, Blockchain & Smart Contracts: The New Wave of Decentralizat...
 
D media presentation en v0.2 2
D media presentation en v0.2 2D media presentation en v0.2 2
D media presentation en v0.2 2
 
COTI - NOAH18 London
COTI - NOAH18 LondonCOTI - NOAH18 London
COTI - NOAH18 London
 
Monetising Digital Platforms & Rights
Monetising Digital Platforms & RightsMonetising Digital Platforms & Rights
Monetising Digital Platforms & Rights
 
Web 2.0 fails to produce cash
Web 2.0 fails to produce cashWeb 2.0 fails to produce cash
Web 2.0 fails to produce cash
 
Knowledge Map of the Virtual Economy: an Introduction
Knowledge Map of the Virtual Economy: an IntroductionKnowledge Map of the Virtual Economy: an Introduction
Knowledge Map of the Virtual Economy: an Introduction
 

More from rahimsaatov

Hannes toivanen presenation 07062012
Hannes toivanen presenation 07062012Hannes toivanen presenation 07062012
Hannes toivanen presenation 07062012
rahimsaatov
 
Markkula world bank 7 june 2012
Markkula world bank 7 june 2012Markkula world bank 7 june 2012
Markkula world bank 7 june 2012
rahimsaatov
 
Palmberg tekes presentation
Palmberg tekes presentationPalmberg tekes presentation
Palmberg tekes presentation
rahimsaatov
 
Jukka s presentation
Jukka s presentationJukka s presentation
Jukka s presentation
rahimsaatov
 
Boschma sotarauta evolutionary finland
Boschma sotarauta evolutionary finlandBoschma sotarauta evolutionary finland
Boschma sotarauta evolutionary finland
rahimsaatov
 
Jukka viitanen hub concepts
Jukka viitanen hub conceptsJukka viitanen hub concepts
Jukka viitanen hub concepts
rahimsaatov
 
Markku markkula presentation
Markku markkula presentationMarkku markkula presentation
Markku markkula presentation
rahimsaatov
 
Day 5 tekes wb training program_palmberg
Day 5 tekes wb training program_palmbergDay 5 tekes wb training program_palmberg
Day 5 tekes wb training program_palmberg
rahimsaatov
 
Kari kankaala 120606
Kari kankaala 120606Kari kankaala 120606
Kari kankaala 120606
rahimsaatov
 
Vili l game ecosystems
Vili l game ecosystemsVili l game ecosystems
Vili l game ecosystems
rahimsaatov
 
Jukka viitanen hub concepts
Jukka viitanen hub conceptsJukka viitanen hub concepts
Jukka viitanen hub concepts
rahimsaatov
 
Jukka s presentation
Jukka s presentationJukka s presentation
Jukka s presentation
rahimsaatov
 
Palmberg tekes presentation
Palmberg tekes presentationPalmberg tekes presentation
Palmberg tekes presentation
rahimsaatov
 
Ville Kairamo demola 120606
Ville Kairamo demola 120606Ville Kairamo demola 120606
Ville Kairamo demola 120606
rahimsaatov
 
Jarmo Eskelinen, Forum Virium Helsinki
Jarmo Eskelinen, Forum Virium HelsinkiJarmo Eskelinen, Forum Virium Helsinki
Jarmo Eskelinen, Forum Virium Helsinki
rahimsaatov
 
4. danone milky_start_bop_in_poland_helsinki
4. danone milky_start_bop_in_poland_helsinki4. danone milky_start_bop_in_poland_helsinki
4. danone milky_start_bop_in_poland_helsinki
rahimsaatov
 
2. minna halme_bop_keynote_200412
2. minna halme_bop_keynote_2004122. minna halme_bop_keynote_200412
2. minna halme_bop_keynote_200412
rahimsaatov
 
1. m inna_halme_bop_opening
1. m inna_halme_bop_opening1. m inna_halme_bop_opening
1. m inna_halme_bop_opening
rahimsaatov
 
Working Together for the Wellbeing of the Poor
Working Together for the Wellbeing of the PoorWorking Together for the Wellbeing of the Poor
Working Together for the Wellbeing of the Poor
rahimsaatov
 
3b nokia antti_pirjeta_20apr2012
3b nokia antti_pirjeta_20apr20123b nokia antti_pirjeta_20apr2012
3b nokia antti_pirjeta_20apr2012
rahimsaatov
 

More from rahimsaatov (20)

Hannes toivanen presenation 07062012
Hannes toivanen presenation 07062012Hannes toivanen presenation 07062012
Hannes toivanen presenation 07062012
 
Markkula world bank 7 june 2012
Markkula world bank 7 june 2012Markkula world bank 7 june 2012
Markkula world bank 7 june 2012
 
Palmberg tekes presentation
Palmberg tekes presentationPalmberg tekes presentation
Palmberg tekes presentation
 
Jukka s presentation
Jukka s presentationJukka s presentation
Jukka s presentation
 
Boschma sotarauta evolutionary finland
Boschma sotarauta evolutionary finlandBoschma sotarauta evolutionary finland
Boschma sotarauta evolutionary finland
 
Jukka viitanen hub concepts
Jukka viitanen hub conceptsJukka viitanen hub concepts
Jukka viitanen hub concepts
 
Markku markkula presentation
Markku markkula presentationMarkku markkula presentation
Markku markkula presentation
 
Day 5 tekes wb training program_palmberg
Day 5 tekes wb training program_palmbergDay 5 tekes wb training program_palmberg
Day 5 tekes wb training program_palmberg
 
Kari kankaala 120606
Kari kankaala 120606Kari kankaala 120606
Kari kankaala 120606
 
Vili l game ecosystems
Vili l game ecosystemsVili l game ecosystems
Vili l game ecosystems
 
Jukka viitanen hub concepts
Jukka viitanen hub conceptsJukka viitanen hub concepts
Jukka viitanen hub concepts
 
Jukka s presentation
Jukka s presentationJukka s presentation
Jukka s presentation
 
Palmberg tekes presentation
Palmberg tekes presentationPalmberg tekes presentation
Palmberg tekes presentation
 
Ville Kairamo demola 120606
Ville Kairamo demola 120606Ville Kairamo demola 120606
Ville Kairamo demola 120606
 
Jarmo Eskelinen, Forum Virium Helsinki
Jarmo Eskelinen, Forum Virium HelsinkiJarmo Eskelinen, Forum Virium Helsinki
Jarmo Eskelinen, Forum Virium Helsinki
 
4. danone milky_start_bop_in_poland_helsinki
4. danone milky_start_bop_in_poland_helsinki4. danone milky_start_bop_in_poland_helsinki
4. danone milky_start_bop_in_poland_helsinki
 
2. minna halme_bop_keynote_200412
2. minna halme_bop_keynote_2004122. minna halme_bop_keynote_200412
2. minna halme_bop_keynote_200412
 
1. m inna_halme_bop_opening
1. m inna_halme_bop_opening1. m inna_halme_bop_opening
1. m inna_halme_bop_opening
 
Working Together for the Wellbeing of the Poor
Working Together for the Wellbeing of the PoorWorking Together for the Wellbeing of the Poor
Working Together for the Wellbeing of the Poor
 
3b nokia antti_pirjeta_20apr2012
3b nokia antti_pirjeta_20apr20123b nokia antti_pirjeta_20apr2012
3b nokia antti_pirjeta_20apr2012
 

Recently uploaded

一比一原版(UoB毕业证)伯明翰大学毕业证如何办理
一比一原版(UoB毕业证)伯明翰大学毕业证如何办理一比一原版(UoB毕业证)伯明翰大学毕业证如何办理
一比一原版(UoB毕业证)伯明翰大学毕业证如何办理
nexop1
 
What's a worker’s market? Job quality and labour market tightness
What's a worker’s market? Job quality and labour market tightnessWhat's a worker’s market? Job quality and labour market tightness
What's a worker’s market? Job quality and labour market tightness
Labour Market Information Council | Conseil de l’information sur le marché du travail
 
Pensions and housing - Pensions PlayPen - 4 June 2024 v3 (1).pdf
Pensions and housing - Pensions PlayPen - 4 June 2024 v3 (1).pdfPensions and housing - Pensions PlayPen - 4 June 2024 v3 (1).pdf
Pensions and housing - Pensions PlayPen - 4 June 2024 v3 (1).pdf
Henry Tapper
 
falcon-invoice-discounting-a-strategic-approach-to-optimize-investments
falcon-invoice-discounting-a-strategic-approach-to-optimize-investmentsfalcon-invoice-discounting-a-strategic-approach-to-optimize-investments
falcon-invoice-discounting-a-strategic-approach-to-optimize-investments
Falcon Invoice Discounting
 
Who Is Abhay Bhutada, MD of Poonawalla Fincorp
Who Is Abhay Bhutada, MD of Poonawalla FincorpWho Is Abhay Bhutada, MD of Poonawalla Fincorp
Who Is Abhay Bhutada, MD of Poonawalla Fincorp
beulahfernandes8
 
Who Is the Largest Producer of Soybean in India Now.pdf
Who Is the Largest Producer of Soybean in India Now.pdfWho Is the Largest Producer of Soybean in India Now.pdf
Who Is the Largest Producer of Soybean in India Now.pdf
Price Vision
 
2. Elemental Economics - Mineral demand.pdf
2. Elemental Economics - Mineral demand.pdf2. Elemental Economics - Mineral demand.pdf
2. Elemental Economics - Mineral demand.pdf
Neal Brewster
 
Abhay Bhutada Leads Poonawalla Fincorp To Record Low NPA And Unprecedented Gr...
Abhay Bhutada Leads Poonawalla Fincorp To Record Low NPA And Unprecedented Gr...Abhay Bhutada Leads Poonawalla Fincorp To Record Low NPA And Unprecedented Gr...
Abhay Bhutada Leads Poonawalla Fincorp To Record Low NPA And Unprecedented Gr...
Vighnesh Shashtri
 
1. Elemental Economics - Introduction to mining.pdf
1. Elemental Economics - Introduction to mining.pdf1. Elemental Economics - Introduction to mining.pdf
1. Elemental Economics - Introduction to mining.pdf
Neal Brewster
 
How Non-Banking Financial Companies Empower Startups With Venture Debt Financing
How Non-Banking Financial Companies Empower Startups With Venture Debt FinancingHow Non-Banking Financial Companies Empower Startups With Venture Debt Financing
How Non-Banking Financial Companies Empower Startups With Venture Debt Financing
Vighnesh Shashtri
 
快速制作美国迈阿密大学牛津分校毕业证文凭证书英文原版一模一样
快速制作美国迈阿密大学牛津分校毕业证文凭证书英文原版一模一样快速制作美国迈阿密大学牛津分校毕业证文凭证书英文原版一模一样
快速制作美国迈阿密大学牛津分校毕业证文凭证书英文原版一模一样
rlo9fxi
 
^%$Zone1:+971)581248768’][* Legit & Safe #Abortion #Pills #For #Sale In #Duba...
^%$Zone1:+971)581248768’][* Legit & Safe #Abortion #Pills #For #Sale In #Duba...^%$Zone1:+971)581248768’][* Legit & Safe #Abortion #Pills #For #Sale In #Duba...
^%$Zone1:+971)581248768’][* Legit & Safe #Abortion #Pills #For #Sale In #Duba...
mayaclinic18
 
This assessment plan proposal is to outline a structured approach to evaluati...
This assessment plan proposal is to outline a structured approach to evaluati...This assessment plan proposal is to outline a structured approach to evaluati...
This assessment plan proposal is to outline a structured approach to evaluati...
lamluanvan.net Viết thuê luận văn
 
1.2 Business Ideas Business Ideas Busine
1.2 Business Ideas Business Ideas Busine1.2 Business Ideas Business Ideas Busine
1.2 Business Ideas Business Ideas Busine
Lawrence101
 
Financial Assets: Debit vs Equity Securities.pptx
Financial Assets: Debit vs Equity Securities.pptxFinancial Assets: Debit vs Equity Securities.pptx
Financial Assets: Debit vs Equity Securities.pptx
Writo-Finance
 
Seminar: Gender Board Diversity through Ownership Networks
Seminar: Gender Board Diversity through Ownership NetworksSeminar: Gender Board Diversity through Ownership Networks
Seminar: Gender Board Diversity through Ownership Networks
GRAPE
 
Instant Issue Debit Cards
Instant Issue Debit CardsInstant Issue Debit Cards
Instant Issue Debit Cards
egoetzinger
 
Independent Study - College of Wooster Research (2023-2024)
Independent Study - College of Wooster Research (2023-2024)Independent Study - College of Wooster Research (2023-2024)
Independent Study - College of Wooster Research (2023-2024)
AntoniaOwensDetwiler
 
OAT_RI_Ep20 WeighingTheRisks_May24_Trade Wars.pptx
OAT_RI_Ep20 WeighingTheRisks_May24_Trade Wars.pptxOAT_RI_Ep20 WeighingTheRisks_May24_Trade Wars.pptx
OAT_RI_Ep20 WeighingTheRisks_May24_Trade Wars.pptx
hiddenlevers
 
FCCS Basic Accounts Outline and Hierarchy.pptx
FCCS Basic Accounts Outline and Hierarchy.pptxFCCS Basic Accounts Outline and Hierarchy.pptx
FCCS Basic Accounts Outline and Hierarchy.pptx
nalamynandan
 

Recently uploaded (20)

一比一原版(UoB毕业证)伯明翰大学毕业证如何办理
一比一原版(UoB毕业证)伯明翰大学毕业证如何办理一比一原版(UoB毕业证)伯明翰大学毕业证如何办理
一比一原版(UoB毕业证)伯明翰大学毕业证如何办理
 
What's a worker’s market? Job quality and labour market tightness
What's a worker’s market? Job quality and labour market tightnessWhat's a worker’s market? Job quality and labour market tightness
What's a worker’s market? Job quality and labour market tightness
 
Pensions and housing - Pensions PlayPen - 4 June 2024 v3 (1).pdf
Pensions and housing - Pensions PlayPen - 4 June 2024 v3 (1).pdfPensions and housing - Pensions PlayPen - 4 June 2024 v3 (1).pdf
Pensions and housing - Pensions PlayPen - 4 June 2024 v3 (1).pdf
 
falcon-invoice-discounting-a-strategic-approach-to-optimize-investments
falcon-invoice-discounting-a-strategic-approach-to-optimize-investmentsfalcon-invoice-discounting-a-strategic-approach-to-optimize-investments
falcon-invoice-discounting-a-strategic-approach-to-optimize-investments
 
Who Is Abhay Bhutada, MD of Poonawalla Fincorp
Who Is Abhay Bhutada, MD of Poonawalla FincorpWho Is Abhay Bhutada, MD of Poonawalla Fincorp
Who Is Abhay Bhutada, MD of Poonawalla Fincorp
 
Who Is the Largest Producer of Soybean in India Now.pdf
Who Is the Largest Producer of Soybean in India Now.pdfWho Is the Largest Producer of Soybean in India Now.pdf
Who Is the Largest Producer of Soybean in India Now.pdf
 
2. Elemental Economics - Mineral demand.pdf
2. Elemental Economics - Mineral demand.pdf2. Elemental Economics - Mineral demand.pdf
2. Elemental Economics - Mineral demand.pdf
 
Abhay Bhutada Leads Poonawalla Fincorp To Record Low NPA And Unprecedented Gr...
Abhay Bhutada Leads Poonawalla Fincorp To Record Low NPA And Unprecedented Gr...Abhay Bhutada Leads Poonawalla Fincorp To Record Low NPA And Unprecedented Gr...
Abhay Bhutada Leads Poonawalla Fincorp To Record Low NPA And Unprecedented Gr...
 
1. Elemental Economics - Introduction to mining.pdf
1. Elemental Economics - Introduction to mining.pdf1. Elemental Economics - Introduction to mining.pdf
1. Elemental Economics - Introduction to mining.pdf
 
How Non-Banking Financial Companies Empower Startups With Venture Debt Financing
How Non-Banking Financial Companies Empower Startups With Venture Debt FinancingHow Non-Banking Financial Companies Empower Startups With Venture Debt Financing
How Non-Banking Financial Companies Empower Startups With Venture Debt Financing
 
快速制作美国迈阿密大学牛津分校毕业证文凭证书英文原版一模一样
快速制作美国迈阿密大学牛津分校毕业证文凭证书英文原版一模一样快速制作美国迈阿密大学牛津分校毕业证文凭证书英文原版一模一样
快速制作美国迈阿密大学牛津分校毕业证文凭证书英文原版一模一样
 
^%$Zone1:+971)581248768’][* Legit & Safe #Abortion #Pills #For #Sale In #Duba...
^%$Zone1:+971)581248768’][* Legit & Safe #Abortion #Pills #For #Sale In #Duba...^%$Zone1:+971)581248768’][* Legit & Safe #Abortion #Pills #For #Sale In #Duba...
^%$Zone1:+971)581248768’][* Legit & Safe #Abortion #Pills #For #Sale In #Duba...
 
This assessment plan proposal is to outline a structured approach to evaluati...
This assessment plan proposal is to outline a structured approach to evaluati...This assessment plan proposal is to outline a structured approach to evaluati...
This assessment plan proposal is to outline a structured approach to evaluati...
 
1.2 Business Ideas Business Ideas Busine
1.2 Business Ideas Business Ideas Busine1.2 Business Ideas Business Ideas Busine
1.2 Business Ideas Business Ideas Busine
 
Financial Assets: Debit vs Equity Securities.pptx
Financial Assets: Debit vs Equity Securities.pptxFinancial Assets: Debit vs Equity Securities.pptx
Financial Assets: Debit vs Equity Securities.pptx
 
Seminar: Gender Board Diversity through Ownership Networks
Seminar: Gender Board Diversity through Ownership NetworksSeminar: Gender Board Diversity through Ownership Networks
Seminar: Gender Board Diversity through Ownership Networks
 
Instant Issue Debit Cards
Instant Issue Debit CardsInstant Issue Debit Cards
Instant Issue Debit Cards
 
Independent Study - College of Wooster Research (2023-2024)
Independent Study - College of Wooster Research (2023-2024)Independent Study - College of Wooster Research (2023-2024)
Independent Study - College of Wooster Research (2023-2024)
 
OAT_RI_Ep20 WeighingTheRisks_May24_Trade Wars.pptx
OAT_RI_Ep20 WeighingTheRisks_May24_Trade Wars.pptxOAT_RI_Ep20 WeighingTheRisks_May24_Trade Wars.pptx
OAT_RI_Ep20 WeighingTheRisks_May24_Trade Wars.pptx
 
FCCS Basic Accounts Outline and Hierarchy.pptx
FCCS Basic Accounts Outline and Hierarchy.pptxFCCS Basic Accounts Outline and Hierarchy.pptx
FCCS Basic Accounts Outline and Hierarchy.pptx
 

Vili l game ecosystems

  • 1. Game Ecosystems Business Model Innovation in the Digital Entertainment Sector: Implications for Policy Dr Vili Lehdonvirta LSE Innovation Co-Creation Lab vili.lehdonvirta.com Twitter: @ViliLe
  • 2. Why Games? —  $65 Billion industry, bigger than music or cinema —  Digital game companies are pioneers in innovations that drive today’s digital economy —  Games have contributed to the worldwide development of computer hardware more than any other application —  What can we learn from business model innovation in the Finnish game industry?
  • 3. Finnish Game Industry Turnover 165 M€ – 90% from export (2011) —  Represents ~0.25% of Finland's total exports —  CAGR 22%! (2004-2011) 1300 employees (2011) —  Average employees per company: 16 —  Young males
  • 4. Business Model Innovation 1: Digital Distribution Source: Neogames, The Finnish Game Industry 2010-2011
  • 5. Business Model Innovation 1: Digital Distribution Hurdles: 1.  Fragmented e-payment infrastructure 2.  Fragmented e-commerce regulation 3.  Fragmented taxation systems Integrated distribution platforms (App Store, Steam) solve this – but at the cost of 30% of revenues to California → Policies aimed at creating a seamless digital market
  • 6. Business Model Innovation 2: Virtual Economies Consumer sells Consumer buys content to other Virtual Currency consumers to earn Consumer uses money/VC Virtual Currency to buy content / Developer redeems Consumer earns Creates content Virtual Currency Virtual Currency through gameplay for earnings from or ads publisher —  From credit card payments to stored value and micro- payments (virtual currency) —  Users and third-party developers not only consume but also create value (user-created content, microwork) —  Users and third-party developers can redeem virtual currency for real money
  • 7. Business Model Innovation 2: Virtual Economies Regulatory hurdles: —  Virtual currencies’ unclear regulatory/tax status (closed loop/open loop, accounting rules, breakage, ...) —  Micro-employment not recognized in employment regulation —  Electronic payment infrastructure does not facilitate payments back to consumers —  PayPal solves this, but at the cost of ~5% of earnings to California → Explicit policy development on virtual currencies and microwork
  • 8.
  • 9. Business Model Innovation 3: Crowdfunding Kickstarter.com
  • 10. Business Model Innovation 3: Crowdfunding Regulatory hurdles: —  Donations-based crowdfunding —  Regulations designed for physical donations —  Global digital online donations —  Investment-based crowdfunding —  Heavy regulation of investment offers —  Number of investors can be 10,000s → Policies aimed at frictionless donations and micro-investment
  • 11. Finnish Game Ecosystem —  The biggest business model innovation in the Finnish game industry is the ecosystem —  The ecosystem is vital for talent, technology, investment and innovation —  Consists of developers, universities, industry events & organizations, informal networks, angel investors, public R&D support, gamers, gamer events, media —  Most important component is game culture: high acceptance of digital gaming in Finnish society & history of hobby game programming competitions → Policies aimed at promoting grassroots digital culture!
  • 12. Summary Policies needed for: —  Seamless digital market —  Virtual currencies —  Digital micro-employment —  Digital donations & micro-investments —  Game culture! Thanks for listening! vili.lehdonvirta.com Twitter: @ViliLe