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Submitted by Cyrus365 2553d ago | article

Reuters: Labels, game developers feud over fees

Reuters writes: "When you contrast the financial struggles of the music industry with the skyrocketing success of the videogame market, it's no surprise record labels are ready to play hardball on future music licensing.

The latest data from NPD Group find that U.S. videogame sales totaled more than $9.5 billion through the first seven months of 2008, a 35% jump from the same period last year. And in a recent report, UBS analyst Ben Schachter credits music games like "Rock Band" and "Guitar Hero III" as a critical factor in that success -- responsible for 15% of game sales so far this year and 32% of the industry's year-over-year growth." (Guitar Hero III: Legends of Rock, Guitar Hero World Tour, Industry, PS2, PS3, Rock Band, Rock Band 2, Wii, Xbox 360)

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