Group: Families turning to video games

Published: July 5, 2008 at 12:41 PM
Order reprints
LONDON, July 5 (UPI) -- British families increasingly are turning to video games for entertainment as the ongoing credit crisis restricts their finances, a game maker says.

The British video game company Game Group said it will earn $66 million in pre-tax profits during the first six months of this year as more families focus on such home-based entertainment, The Daily Telegraph reported Friday.

Analysts say the rising success of video fare such as "Mario Kart" and "Wii Fit" is due, in part, to the credit crisis that is forcing parents to rethink how to entertain their children on a limited budget.

"People thinks video games offer good value for money because they offer lots of hours of play," Screen Digest senior analyst Piers Harding-Rolls said. "The industry has also been helped by some big titles such as the 'Wii Fit,' which appeal to women and to people of all ages."

The British newspaper said while video game sales are climbing during the crisis, cinema attendance is plummeting. Separate figures indicate credit stresses may result in cinema sales reaching a record low for the last eight years, the newspaper said.


© 2008 United Press International, Inc. All Rights Reserved.



Cousin: Jacko viewing was open casket (7 min)
Economic Outlook: Huffing about homes (15 min)
Poll: Most want Sotomayor confirmed (19 min)
Nickelodeon not buying La. Six Flags (33 min)
Son of U.N. official kidnapped in Lebanon (35 min)
Jim Carrey to be a grandfather (37 min)
Man gored to death in Pamplona run (39 min)
fark
"Sometimes, you get what you expect. Generally, you meet better people at church than you do at...
They should have known that you can't just walk down the streets of Manhattan dressed as Superman...
The coolest origami city you will see until the artist burns it down. Wait, what?
Budgie will become a hero, and a father, after flying out to sea
Convicted rapist cites fear of having to ingest killer red onions in jail in bid to avoid sentencing....
Over a 30-day period, U.S. Marshalls arrested over 35k fugitives netting 2,356 sex-offenders, 433...