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In the video game industry, 2022 saw the lingering effects of the COVID-19 pandemic on the industry, slowing hardware sales for most of the year as well as development delays for major titles. The industry continued its trend of acquisitions and mergers, highlighted by Microsoft announcing its plan to acquire Activision Blizzard for nearly $69 ...
Thousands of video game industry workers are out of work following a series of mass layoffs at game developers and publishers over the past three months. ... then dropped to -3.3% in 2022 and -3.1 ...
This is a listing of largest video game publishers and developers ranked by reported revenue. Sony Interactive Entertainment is the world's largest video game company, followed by Tencent and Microsoft Gaming. [1] Out of the 59 largest video game companies, 14 are located in the United States, 11 in Japan, and 7 in South Korea.
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 ...
Hottest video games of 2022. Daniel Howley. November 25, 2022 at 11:42 AM. This past year has been a tough one for the games industry. Sales are down compared to during the pandemic, and gamers ...
After explosive growth throughout the pandemic, game sales are finally plummeting back to Earth.
The biggest video game acquisition of all time was Microsoft's Activision Blizzard merger, announced in February 2022. [163] The video game industry is dominated by a handful of major players, including Microsoft, Sony, Nintendo, Electronic Arts, and Activision Blizzard.
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.