The value of Spain's videogame market in 2005 almost matched the combined value of the market for CDs and DVDs, the Spanish authors' and publishers' society SGAE said today (June 21) when it presented

The value of Spain's videogame market in 2005 almost matched the combined value of the market for CDs and DVDs, the Spanish authors' and publishers' society SGAE said today (June 21) when it presented its 585-page 2006 annual report.

The CD market in 2005 dropped to €531.4 million ($670 million) in value, down 5.2% year-on-year. CD units slipped 5.8% in volume to 46.3 million units.

Total value of the DVD market and rental income slumped 28% to €437.7 million ($551 million); SGAE corporate affairs director Paco Galindo blames big price reductions for the slide. The volume of DVD shipments was relatively unchanged at 28 million units in 2005, down from 28.7 million in 2004. Music DVD slipped in volume to 3.3 million units from 3.5 million units.

The videogames market, meanwhile, generated a value of €863 ($1.1 billion), up 16% from 2004. "The Spanish videogame sector is buoyant," says Galindo, "but the figures give cause for reflection -- the videogame industry will inevitably be affected by the same ills that have hit the CD and DVD sectors."

SGAE's 2006 report claims that in 2005, 80 films were illegally downloaded, while some 509 million music tracks were illegally downloaded.

SGAE's figures are based on legitimate sales, and do not take into account Spain's large piracy activity.

The report also indicates that the average Spaniard is now buying just one legal CD each year. In 2001, the typical Spaniard bought two CDs each year. That is, each Spaniard spent €9.80 ($12.30) a year on physical CDs in 2005, compared to €10.50 ($13.20) in 2004 and €17.30 ($21.80) in 2001, according to SGAE. "In terms of cultural development, these figures are very negative," says Galindo.

Local repertoire remains strong in Spain. Of the top 50 albums sold in the country in 2005, 34 were by Spanish artists and 39 were sung in Spanish. "This is an important show of the major labels' support for local talent," says Galindo.

The top-selling album was Amaral's "Pájaros En La Cabeza" (EMI Virgin), followed by four Sony BMG titles: El Canto Del Loco's "Zapatillas", Il Divo's"Il Divo", Shakira's "Fijación Oral Vol. 1", and Estopa's "Voces De Ultratumba."