Spending on Smart TV gaming to reach $1.6 billion by 2016

According to a report from IHS, spending is at $88 million this year. This is expected to rapidly grow alongside the popularity of internet-enabled and free-to-play games.

By 2016, the analyst firm predicts 800 million TVs will have access to the internet and gaming content that must be purchased, alongside Blu-ray players or set-top boxes.

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