US game sales higher than DVD sales in 2007

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.

Published by Reinout te Brake

Reinout is a games investor and strategic business consultant specializing in the games industry. Reinout established his credentials through his own successful investments, start-ups, consulting and (advisory) board positions that led through time to strong bonds with key stakeholders in this fast paced industry. He is known for his outstanding results in the gaming industry. He has worked with many game studios around the globe and is therefore well known in the international gaming industry. Check out his games podcast;

%d bloggers like this: