Video Games are no longer the biggest entertainment medium in the UK

Back in 2012, video games took the top spot in the UK when it came to ranking the biggest entertainment mediums by revenue. In the decade since, gaming has remained consistently at the top…until now, with video content officially surpassing gaming as the biggest entertainment medium in the UK.

As reported by Gamesindustry.biz, the trade body representing video, music and games retailers in the UK – ERA – released their latest figures, revealing that for the first time in over a decade, video games are no longer at the top spot.

With a 2.9% increase year-over-year, the UK’s video games industry amassed a total revenue of £4.74 Billion across PC, mobile and consoles in 2023. While an impressive amount with a healthy level of growth, the video industry saw a huge spike in 2023, growing by a whopping 10% to £4.9 Billion.

According to ERA, the reason for such a high growth in video was thanks to subscription services like Netflix, Disney Plus and Apple TV – with subscription revenue said to account for 89% of the video market.

As mentioned, this marks the first time since 2012 that video games have not been at the top of the leaderboard. It will be interesting to see whether this trend will continue for years to come – or if video games will once again reclaim the top spot in 2024. We will have to wait and see.

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KitGuru says: What do you think of these figures? Are you surprised by the growth in video? Was this a fluke, or will video services take the top spot from here on out? Let us know down below.

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