Report: 70% will have consoles by ’05

Cyberbiz Brief

A new study released by the Interactive Digital Software Assn. reports that vidgames may be increasingly competitive with homevid: 70% of all U.S. households are forecast to have at least one vidgaming console by 2005.

The market for game software publishing and retail sales reached $10.5 billion in 2000, the report said. About 55 million people will be playing games over the Internet by 2004 from about 39 million in 2000.

The association said vidgame software sales have risen an average 15% annually from 1997 to 2000. By contrast, videotape rental revenues grew 1.6% and movie production and distribution revenues 4.6% annually.

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