Australian Games Industry Passes $1 Billion Mark

**MIG-31** · Jul 30, 2007, 08:48 PM

Source: Gamesutra
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According to a new report in the Sydney Morning Herald, total games industry revenues in Australia have surpassed $1 billion for the first time -- almost $200 million more than cinema box office earnings.

Bolstered by the release of Playstation 3 in March and Nintendo Wii in December, GfK Australia games analyst Daniel Morse also adds that sales of Xbox 360 and Nintendo DS, launched in the previous fiscal year, have "really hit their stride," positioning the games industry in Australia to plausibly overtake the DVD movie business if the trend continues -- though Morse was reluctant to estimate a date by which this could occur.

Jul 30, 2007, 08:48 PM	#1
MIG-31 HardwareHeaven News Mod Join Date: Dec 2002 Location: Nottingham,UK Posts: 56,818 Rep Power: 471 System Specs	Australian Games Industry Passes $1 Billion Mark Source: Gamesutra _______________ According to a new report in the Sydney Morning Herald, total games industry revenues in Australia have surpassed $1 billion for the first time -- almost $200 million more than cinema box office earnings. Bolstered by the release of Playstation 3 in March and Nintendo Wii in December, GfK Australia games analyst Daniel Morse also adds that sales of Xbox 360 and Nintendo DS, launched in the previous fiscal year, have "really hit their stride," positioning the games industry in Australia to plausibly overtake the DVD movie business if the trend continues -- though Morse was reluctant to estimate a date by which this could occur. __________________ Please Post Your News Submissions Here