Video games account for over half of the entertainment market

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New figures from the Entertainment Retailers Association show that the video games industry now accounts for over half of the UK’s entire entertainment market.

A report from the ERA shows that the UK video games market’s overall value rose to £3.864 billion in 2017 – against a valuation for the entire UK entertainment market of £7.537 billion.

The ERA’s figures also show that over 75 per cent of the game’s industry’s 2017 revenue was derived from digital, rather than physical sales. ERA chief executive Kim Bayley said: “The games industry has been incredibly effective in taking advantage of the potential of digital technology to offer new and compelling forms of entertainment. Despite being the youngest of our three sectors, it is now by far the biggest.”

The ERA’s report also listed 2017’s top 20 best-selling games, although its figures only covered physical, rather than digital sales. FIFA 19 took top spot with 1.889 million units sold, and for further entertainment industry-related news, keep an eye on the ERA’s website.