The Entertainment Merchants Association has released its annual report, which shows that in 2007, US sales of videogames were larger than DVD sales, for the first time.
Many times before, we heard that the retail gaming business produced higher revenues than movies. However, the past year, game sales also beat DVDs, generating $18.85 billion in hardware, software, and accessories, versus the $16 billion that were spent on DVDs in 2007.
In spite of these figures, Hollywood still wins when the movie industry is considered as a whole. US box office, and DVD sales and rentals together, generated more than $33 billion in revenues last year.
Still, considering that according to a report by the NPD Group, the US videogame sales for March were of $1.7 billion, which is twice what was sold in the same period the previous year, we’ll have to wait for the 2008 report, to see if the game industry can catch up. More info at GameStop.