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Move to video gaming platforms making industry less recession proof

Video game sales plummeted 16 percent year-over-year in August, the sixth monthly decline in sales for an industry that once appeared recession proof. The cause, says Alexander Macris, president and a founding member of the Triangle Game Initiative, the trade association for the Raleigh-Durham, N.C. interactive entertainment industry, may be the explosion of gaming into mainstream households via platforms from Nintendo, Microsoft and Sony such as the Wii, Xbox and PS2.

"The industry is less "recession-resistant" than it used to be in the past," says Macris. "While the explosion of gaming into mainstream households through platforms like the Wii is unquestionably a good thing, it has exposed the game industry to mainstream spending patterns."

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