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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."
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 ...
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.
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] Of the 66 largest video game companies, 15 are based in the United States, 11 in Japan, 8 in South Korea, and 7 in China.
It would just be nice if the AAA industry's creativity would grow alongside its market cap. For all the latest video game news, stay tuned to engadget.com and subscribe to the Engadget YouTube ...
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 ...
Towards the end of 2023 and continuing into 2024, the video game industry saw a large number of layoffs, with over 10,000 jobs lost in 2023 and at least 8,000 in 2024 by February 2024. While other factors contributed to the layoffs, such as previous acquisitions and mergers that came after 2021, the return to normalcy after COVID changed the ...