Videogame Sales on the Rise
My boy's all grown up and on its way to global domination. According to recent figures, worldwide videogame revenue has exceeded that of DVD and Blu-Ray in 2008.
Market research company Media Control GfK International reported that global sales of packaged media earned $61 billion in 2008, with games cutting out 53% of the pie, while DVD and Blu-Ray grabbed 47%. Videogames are expected to grow to 57% in 2009. Videogame sales rose to 20% in 2008, boosted by Nintendo's Wii strong showing in the burgeoning casual market, whereas disc-based movie sales dropped 6%.
The games industry might not be recession-proof, but at least it's proving its chops to its older siblings and now leads the pack as global entertainment providers.
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[Source: Edge Online]
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