The BBC reports that for the first time, spending on games and game hardware will outstrip sales in the music and video industries. Quoting: "In the last five years the video games market has more than doubled in value, while music sales have stagnated. The good news for game makers in the report was balanced by grim tidings for high street retailers. 'The music and video market is not just suffering from a slowing of growth but a massive transfer of spend to online,' says Malcolm Pinkerton of Verdict Research. It is online sales of CDs and DVDs that have grown rapidly, rather than digital downloads, which still only account for around 4% of music and video sales."
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