HMV: Games to trump music sales

Written by Joe Martin

September 10, 2008 | 12:04

Tags: #sales

Companies: #games #hmv #npd

HMV has been devoting increasing amounts of shop space to selling games lately as it believes that game sales will soon trump music sales, according to comments given to The Sun recently.

HMV Executive Simon Fox said that games sales already made up about 20 percent of all sales from the HMV chain, with a steady rise of 4.1 percent over the last three months. This trend has driven the company to devote more and more store space to the sales of games, while less and less space is being used to sell music.

"Within the next 12 to 18 months, it's possible games will be bigger than music for us," Fox told the tabloids.

"Music is in our DNA and we are totally committed to it. But the fact is, the market is moving away from music - so we are giving more space in our stores to games."

"Looking forward to Christmas, Wii Fit will continue to do well, FIFA 09 will be huge, as will Gears of War, Guitar Hero and Rock Band. There's a good line-up of releases," said Fox.

Yeah - and that's not all to get excited about. Check out our 2008 Winter Games Preview for information on what other titles you can expect to hit shelves in the near future.

The reasons why music sales are declining are obvious as, between iTunes and piracy, the retail store model is left with a tiny portion of the market, but could games sales soon go the same way? Let us know your thoughts in the forums.
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