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Movie Source

Worldwide box office reached an all-time high in 2006 with $25.82 billion.  This does not count dvd sales/rentals. This total would be logically more than double or triple this figure.

Game Source 

Computer and video game industry took in about USD$7.1 billion in the US in 2005. Now, granted this increased in 2006, but, not to over $50 that the movie industry easily hits.

Even wikipedia states "However, contrary to popular belief, the video game industry is not "bigger than Hollywood"; while video game sales have exceeded the film industry's annual box office, Hollywood generated $31 billion in total 1999 revenue."