Spending on video game products is poised to surpass the music industry as soon as this year, according to Ars Technica.
PricewaterhouseCooperss released the data in its annual “Global Entertainment and Media Outlook” report covering 2007 through 2011, which outlines expected growth in the entertainment, film, music, and video game industries, among others.
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.
Interesting statistic, but how can it be blamed on piracy? Anyone? Anyone? We want to blame piracy, damn it. Submit your best music-industry-rationalization in the comments. —MEGHANN MARCO
Report: Video game spending to surpass music spending this year [Ars Technica]