Escaping reality drives video game sales in economic downturn

By David Johnson 

One of the (many) great things about being in academia is being surrounded by smart, talented and articulate people. It often leads to serendipity. As I was in my office hours the other day, I heard broadcast professor John Doolittle playing this piece to one of his undergraduate classes across the hall:

In Tough Economic Times, Video Games Console : NPR.

Just as in the Great Depression, when people flocked to movies to escape the harshness of reality, people today are firing up their game consoles. In these turbulent economic times, when the media industry is in free fall and spending is tight in advertising and consumer markets, video game sales are up an astonishing 43 percent since 2007. (Don’t you wish you would have listened years ago when LR started telling MSM to get into the game?)

Movies then were only a nickle. Today, AAA games are a lot more. Let’s just hope people aren’t buying the titles on credit cards.

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