Video games defy economic gloom
While most media segments try to maintain stability during today’s economic turmoil, the video game industry keeps on growing, with U.S. video game hardware and software sales up 10 percent last month according to NPD, fueled by record sales of Nintendo’s Wii console and DS hand-held system.
Nintendo’s Wii console sold over 2 million units in November, up from over 800,000 in the previous month.
A separate reports suggests that hard times may favor video games, adults will “turn to
staying in with video games rather than going out on the spend.”
Keep an eye on:
- DreamWorks Animation launches characters like Shrek and the penguins from “Madagascar” into new lines of business, hoping to grow consistently even during a recession that already is slowing DVD sales. (Los Angeles Times)
- Time Warner names CEO Jeff Bewkes as chairman; Richard Parsons to step down on Dec. 31 (PaidContent)
- CBS Interactive reorganization details (PaidContent)
- Howard Stern contemplates re-signing with Sirius XM (Orbitcast)