It seems that even video games have been hit by the recession even though the industry has been thought of as recession proof. Sales were down 17% last month from the previous March.
Despite the fall in sales, industry executives show little worry since December is always the biggest for games, and games have now become a go-to gift. That being said, it appears the Easter sales are something to be counted as well, since 8% of industry sales in March were thought to be for Easter gifts.
Even though the industry is now huge (about $50 billion), it's reliance on blockbuster games is beginning to worry some in the industry. Many games now have the budgets of a big studio feature film, and, just like in the film business, if a big-budget game tanks it could take the developer down with it.