James Lee
10:26 (BST)
03/07/2008
Videogames close the gap on US home video market
The Entertainment Merchant Association has released its annual report which shows the growing games industry catching up in sales to the home video market in the US.
The US home video market generated USD 24 billion, this includes USD 15.9 billion in sales and USD 8.2 billion in rentals for 2007. Meanwhile the region's videogame market grew to be worth USD 15.64 billion, a figure which doesn't include revenue generated through rentals like the home video market.
In the video game market, game software sales took in a total of USD 8.6 billion and hardware sales accounted for 7.04 billion. The total of this, USD 15.64 billion, compares favourably to the USD 15.9 billion earned by the home video market when rental revenue is discounted.
The report also revealed that 67 per cent of heads of households in North America now play videogames.
To view other users comments, you must be logged in to a GamesIndustry.biz Network account.
Tecmo Koei asks Sony to "please cut the price" of PS3
CEO says price cut is needed to boost the PlayStation 3's market share
Valve: Steam can boost boxed sales
Free weekends on service increase retail sales, claims Lombardi; Left 4 Dead 2 pre-orders already double that of original
Activision: DJ Hero is "tremendous value"
Publisher believes £108 RRP for game and peripheral is fair for amount of content included
Thomas walks away with $5m from Midway sale
Original $100,000 purchase pays off for private investor as all other legal disputes settled
Namco Bandai secures Dragon Ball rights for 5 years
Deal begins in 2010, but publisher will also release three titles this year
