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Following 2024’s massive wave of layoffs across the video game industry, one in 10 developers say they were among those cut from AAA studios and indie outlets alike. According to the the Game ...
Some media outlets compared the 2023-2024 layoffs to the video game crash of 1983, when the US video game market collapsed due to an oversaturation of poorly made, low-quality games, causing the video game industry to enter a recession for two years. This has sparked discussions about a potential "second video game crash."
28th Japan Game Awards September 26, 2024 [4] 42nd Golden Joystick Awards November 21, 2024 [5] The Game Awards 2024 December 12, 2024 [6] 28th Annual D.I.C.E. Awards February 13, 2025 [7] 25th Game Developers Choice Awards March 19, 2025 [8] 21st British Academy Games Awards April 8, 2025 [9] Game of the Year: The Legend of Zelda: Tears of the ...
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 ...
Roblox's forecast adds to worries about the videogame industry's health, after a lackluster outlook ... The overall video-game industry, in comparison, likely grew by 2.1% in 2024, according to ...
Some media outlets compared the 2023-2024 layoffs to the video game crash of 1983, when the US video game market collapsed due to an oversaturation of poorly made, low-quality games, causing the video game industry to enter a recession for two years. This has sparked discussions about a potential "second video game crash."
On July 26, 2024, SAG-AFTRA (Screen Actors Guild – American Federation of Television and Radio Artists) initiated a labor strike involving the union’s voice actors and motion capture artists against American video game companies signed to the union’s Interactive Media Agreements over failed renegotiation terms of the contract that had expired in November 2022.
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.