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Welcome to VGC. Glad to see you post.

To answer the question, no, the movie industry is still very much bigger.

Now, I'm going to throw some numbers out that will show you why. They aren't concrete numbers, but you'll get the gist.

In the opening day, Halo 3 pulled in 170 million dollars. Ridiculous!

The average price paid for Halo 3 was about 70 bucks, leading us to believe about 2.4 million people bought it in the first 24 hours.

Spiderman 3's opening day brought in 60 million dollars. Even if you take the high ticket price average of 10 dollars per ticket, that's 6 million people that went to see it on opening day.

Halo and Spiderman are some of the biggest juggernauts of the game and film industry, which is why I chose them. Indeed, the game industry is growing, but the movie industry is still bigger, is followed more closely (they have daily revenue sales posted at many websites), and there are more festivals and such for films for both big movies and art house movies.

Perhaps with the XBLA, PSN, and WiiWare/VC, the game industry can grow much bigger with smaller projects similar to smaller movies.