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[Thick Thighs Save Lives]

The the first time in over ten years, video games is not the UK's biggest entertainment medium.

ERA, which is the UK trade body representing video, music and games retailers, says that revenue made by video games in the UK reached £4.74 billion, a rise of 2.9% over the year before. That includes sales of digital and physical video games, covering PC, mobile and consoles.

However, revenue from video-based content grew 10% to £4.9bn, driven by subscription services such as Netflix, Disney Plus, and Apple TV. Subscription revenue is worth 89% of the video market, ERA says.

In terms of individual products, Avatar: The Way of the Water was the best-selling video title of the year, with 560,000 units sold.

It's the first time since 2012 that video games wasn't the No.1 entertainment medium in the UK.

ERA's data is a mixture of figures suppled by GfK, Official Charts Company, Omdia and Futursource.

Music revenue reached £2.2bn in 2023, which is up 9.6% year-on-year and just a fraction off music's best-ever year (which was 2001).

Across all three entertainment mediums, 92% of sales where via digital downloading or streaming.

ERA also shared how the various markets are performing compared to before the COVID-19 pandemic. Video game revenue in the UK for 2023 vs 2019 is up 29.2%, video is up 88.3%, and music grew 38.8%.

Video games is no longer the biggest entertainment medium in the UK

For the first time in over ten years, video games is not the UK's biggest entertainment medium. ERA, which is the UK tr…

www.gamesindustry.biz

 

[EverydayBeast]

UK embraces all forms of technology and finding time to play them all is hard.

 

[Negotiator101]

Subscription model huh who'd of thought

 

[havoc00]

Thats what you get for holding up the Activision deal

 

[BigLee74]

So still big then? Good. I need to somehow validate to my wife why a 49 year old guy plays on an Xbox.

 

[Topher]

Thats what you get for holding up the Activision deal

 

[havoc00]

 

[GHG]

So still big then? Good. I need to somehow validate to my wife why a 49 year old guy plays on an Xbox.

If she watches TV then just tell her it's less passive than any shitty TV she might watch in her spare time.

Gotta keep those reaction times up as much as you can old codger.

 

[DenchDeckard]

2024 could be rough, I don't think anyone apart from nintendomismgoing to be as big as 2023....unless Sony and Microsoft knock it out of the park and release some massive bangers that we aren't aware of right now.

 

[ChoosableOne]

Microsoft has entered the chat.

 

[deriks]

Yeah, but Doctor Who sucks now and the new Harry Potter game is the king

Videogames ftw

 

[Killjoy-NL]

Subscription model huh who'd of thought

So, MS is indeed trying to kill gaming?

 

[Hudo]

Video games forever.

 

[Deerock71]

I've actually significantly increased my 4K bluray collection. Can't wait for True Lies in March.