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Chicago, Aug. 21, 2024 (GLOBE NEWSWIRE) -- The U.S. video game industry is expected to rebound in 2025 following a difficult 2024. Circana™’s Future of™ Video Games projects growth for the U.S. video game market in 2025, driven in part by the expected launches of a new hardware platform from Nintendo along with the highly anticipated release of Grand Theft Auto VI, among other factors.
The video game industry layoffs are a part of the broader tech industry layoffs that began in 2023; [17] many such layoffs have been attributed to artificial intelligence, [18] although increased interest rates, reduced demand from consumers and excessive hiring during the COVID-19 pandemic have also been cited as causes.
The video game industry is the tertiary and quaternary sectors of the entertainment industry that specialize in the development, marketing, distribution, monetization, and consumer feedback of video games. The industry encompasses dozens of job disciplines and thousands of jobs worldwide. [1] The video game industry has grown from niche to ...
In 2023, the state of the video game market is, “big and getting bigger.” So why, from a player perspective, does it feel like the industry is… shrinking? Consolidation, game delays and ...
Video game stocks are set to surge in 2025 amid a slew of major releases, says Ned Davis Research. Grand Theft Auto VI and the Nintendo Switch 2 are expected to drive sales growth for the industry.
As a hit-driven business, the great majority of the video game industry's software releases have been commercial disappointments.In the early 21st century, industry commentators made these general estimates: 10% of published games generated 90% of revenue; [1] that around 3% of PC games and 15% of console games have global sales of more than 100,000 units per year, with even this level ...
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 ...
The games industry has struggled in 2024, but a new Nintendo console and 'Grand Theft Auto VI' could turn things around in 2025. ... But according to Circana video game industry adviser Mat ...