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Video Games Now Outselling DVD and Blu-ray

For the first time in the history of our majestic Earth, video games have seen retail sales higher than those of DVD and Blu-ray, according to GamesIndustry.com. The popular Nintendo Wii was a major factor, along with what we can only describe as folks' desire to escape from what had been a pretty tough year.

Media Control GfK International reported that video game sales jumped 20 percent last year, accounting for $32 billion of the $61 billion worldwide packaged media market. Video games represented 53 percent of packaged media sales in 2008, and are expected to grow to 57 percent in the new year. Blu-ray is expected to double sales in 2009 with the combined revenue of DVD and Blu-ray dropping four percent or more.

[From: GamesIndustry.com]

Tags: blu-ray, business, dvd, sales, trends, video games, VideoGames