Video Games Outselling Music. Globally.
Video game sales are gaining and will globally exceed music sales by the end of 2007 reports PricewaterhouseCoopers. The growth can be contributed to the fact that more and more devices like mobile phones, PDAs and laptops support broadband services, being able to download games.
The information not only reflects the gaming industry’s strong trajectory but also serves as a painful reminder that the music industry continues to suffer. EMI recently reported, however, that sales of its DRM-free songs and albums have been good since the launch of iTunes Plus, with CD sales of those same albums dropping during that time.