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HMV: Games Will Be Bigger Than Music

jmanalang
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Posted September 9, 2008 - By jmanalang

UK music chain retail chain, HMV, chief executive Simon Fox said that "[video games] will be bigger than music", in an interview with The Sun. He said:

“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.”

According to the report, thanks to the variety of titles from Mario Kart Wii to Grand Theft Auto IV, sales in HMV have been up 4.1 percent since last April. He also mentioned that in 12 to 18 months, it's "possible" that video game sales will be significantly higher than music.

HMV has been around the streets of Oxford since 1921, starting off with music as their main products. Recent music chains here in the U.S. like Sam Goody and Tower Records have also tried selling video games, but unfortunately, it didn't go quite so well for both companies. But with HMV's prominent history, it will be interesting to see where the company will go in the next 12 or 18 months.

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Tags: Music, Videogames
HMV: Games Will Be Bigger Than Music
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