Microsoft Believe Video Games Can Weather Poor Economy

The video game industry, forecast to reach $57 billion in revenues this year, according to research firm DFC Intelligence, appeals to a wide audience since it offers a wide range of titles that provide something for everyone, according to Mattrick.

"Consumer spending is still going to exist, and people are going to prioritize," said Mattrick, once considered a contender for the corner office at EA. "I'm bullish about our growth prospects as an industry and as Microsoft."

Mattrick said video games offer many more hours of entertainment than a two-hour movie, making it less expensive over time.

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