Games overtake films in global entertainment market

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Statistics from market research company Media Control Gfk International suggest that gaming has overtaken DVD and Blu-ray in terms of worldwide market value,

Edge Online


The firm claims that games accounted for 53 per cent of 2008's global packaged media commodities market, which in total valued $61bn. Global video game sales climbed 20 per cent in the time period to reach $32bn.

In contrast, sales of DVD and Blu-ray, which accounted for the remaining 47 per cent, dropped by six per cent to $29.8bn. The overall market grew by six per cent compared to 2007.

Whilst Nintendo's Wii was credited with the credit-crunch bucking growth seen in gaming, the transition from DVD to Blu-ray was blamed for the drop in film sales.