The UK's Entertainment Retailers Association released data this week showing videogame sales in the country have exceeded music sales for the first time, based on last year's totals.

In 2007, videogame sales raked in 1.7 billion pounds ($3.8 billion), while music took in 1.4 billion pounds ($2.8 billion). Video/DVD sales retained the No. 1 spot with 2.1 billion pounds ($4.2 billion), but games are threatening to overtake that category in the year ahead.

"Games have overtaken music massively this year," says ERA director general Kim Bayley in an interview with MCV. "Music revenues are down on last year's figures and game sales are huge in comparison now. In unit terms, music is still important, but in value terms a lot less so."

Questions? Comments? Let us know: @billboardbiz

Print