Anymore, it's very uncommon to go out to a movie. People have huge television sets, and they can watch movies with high quality in their own homes. Video games have become so realistic anymore that they are taking the place of movies. They offer interactive entertainment that is even social sometimes.
Many top video game franchises have become as popular as movies used to be. Many video game fanatics love following their favorite franchises closely: social media, video gaming blogs, and sites company news. Avid video gamers are more excited about new games being released then most people are about new movies.
Just as there are many film fans, there seem to be an equal amount of video game fans. They have become an integral part of many people's lifestyles and the release of a new game can certainly be as intriguing for video game fans as the release of a summer blockbuster.
Though video game industry is huge, even more so as technology has expanded with regard to graphics. However, I do not see them overtaking movies until they find a way to make the story line more interactive for the audience. For those of us who lack eye-hand coordination, video games will never exceed film in our interest. But, if the game became more like an interactive movie (think Star Trek holodecks), I could see this happening. Until then, no.