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Despite the layoffs, studio closures, and cancellations of video game projects, as well as high inflation, the video game market continues to remain robust. [165] Many investors and industry analysts believe that the video game industry will fully recover in 2025 with major releases like Grand Theft Auto VI , Monster Hunter Wilds , Ghost of ...
According to IDC, mobile game revenue shot up 32.8% to $99.9 billion in 2020, while digital PC and Mac game spending jumped 7.4% to 35.6 billion. Home console game spending, meanwhile, soared 33.9 ...
Take-Two Interactive Software Inc (NASDAQ:TTWO), the maker of the Grand Theft Auto franchise, plans to close two subsidiaries, Roll7 and Intercept Games, as part of mass layoffs. Roll7, based in ...
This round of layoffs come after a brutal 14 months in the video game industry. Thousands of jobs were cut in the video game sector in 2023, with industry estimates suggesting roughly 6,500 video ...
They also collaborated with Valve on the You Monster! expansion pack for Defense Grid which features the character GLaDOS from the Portal video game series. In March 2021, it was announced that Hidden Path was developing "a AAA , third-person, open-world" Dungeons & Dragons game with Whitney "Strix" Beltrán as the narrative director .
Microsoft Gaming is the largest video game employer in the industry, followed by Ubisoft and Electronic Arts. Among the top 41 largest video game employers, ten are based in the United States , eight in Japan , five in China , three in France , South Korea , and Sweden respectively, two in Poland and the United Kingdom , and one each in Denmark ...
“Lord of the Rings” and “Tomb Raider” owner Embracer Group has unveiled a dramatic company restructure including the appointment of a new chief operating officer, a new chief strategy ...
Early developer of music video games: Dr. Panda: Chengdu: China 2011 Role-playing apps aimed at children ages 5 and under Dynamix: Eugene: Oregon: United States 1984 Red Baron Front Page Sports series Betrayal at Krondor Tribes series MechWarrior: Closed in 2001 EA Black Box: British Columbia: Canada 1998 Skate series NHL Hitz series