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Maybe it's a culture / location (country) thing?

Unless we're talking a tv > 60 inches, I don't recall anyone I know or talk to not hanging their tv.

Maybe. I don't think I've ever seen a hanged TV in Europe or Japan.

In Europe, especially in the cities it is much more common to rent and generally you aren't allowed to drill into the walls etc.

As the gamer demographic skews younger and the homeowner demographic is skewing increasingly older - I can see why it isn't a major priority.