Exactly. It's almost like saying video games is better than Football. It doesn't really make sense to compare the two. Gaming is its own thing, much like tv is. Sure gaming may make a lot more money than movies and tv, but each of the mediums have their place.
It just comes down to what you like more or less. Someone might hate gaming and prefer to watch movies, and vice versa.
And yeah, everything has pros and cons attached to it, one thing can be better than the other in different aspects, but I don't think it ever overpowers one or the other.
If anything, gaming can help television, look at The Last of Us show right now, it's blowing up and now more people are taking notice of the idea of video game adaptations in tv form. It may have kinda failed with Halo, but the Last of Us is enough to show that gaming can be turned into tv. And I can see more games being turned into tv. I hear someone mentioned wanting a RDR tv show next. I would take that for sure. :D