Filed under: GAMING | Tags: Games, GameStop, Halo 2, NPD Group, Sims 2, United States, Video game, Wall Street Journal
In 2004, the year of Halo 2, The Sims 2 and GTO: San Andreas, the gaming industry made headlines for surpassing $10 billion in revenue – surpassing the movie industry for the first time. MTV was smart to join its wagon to this rising star. The company announced that its Rock Band franchise it produces with Harmonix and EA surpassed $1 billion in sales in North America since its release 15 months ago, per NPD Group. The game has become a cottage industry in itself introducing a number of firsts. For instance, it was the first music video game to offer weekly downloadable content; 614 songs are now available on disc or from the in-game music store. (Cynopsis 3/27)
GameStop reported a 22% increase in profit during the fourth quarter and expects the upward sales trend to continue in the current quarter. Chief Executive Officer Dan Demattio expects the video game sector to weather the recession and says the games retailer should be able to increase its share in the U.S. market going forward. The Wall Street Journal (3/27)
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