Gaming Sales Surpassing Music Sales

[Killroy]

Not a real surprise for any of us gamers who have been active in the gaming scene for the last 10 years, but still, it is great news.

PricewaterhouseCoopers is predicting that video game sales will continue to grow, with global games spending set to exceed music spending this year. In the U.S., the size of the games market will top the music sector next year, it projects.

PwC’s global managing partner, entertainment and media practice, Marcel Fenez, said, “Video gaming is one of the most exciting stories in terms of pure growth numbers.” According to the preliminary data, worldwide game spending jumped 14.3% to $31.6 billion in 2006 and should rise 18.5% to $37.5 billion this year. Key growth engines will include online and wireless games, new-generation consoles, as well as the burgeoning in-game advertising business.

Stats and stuff