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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."
In the video game industry, 2024 saw job losses that continued from 2023, including large cuts from Microsoft Gaming, Electronic Arts, and Sony Interactive Entertainment, with nearly 15,000 jobs cut through the entire year.
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 ...
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 65 largest video game companies, 15 are based in the United States, 11 in Japan, 8 in South Korea, and 7 in China.
March 1, 2024 at 12:51 PM. 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.
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.
The American video game industry is the largest video game industry in the world. According to a 2020 study released by the Entertainment Software Association, the yearly economic output of the American video game industry in 2019 was $90.3 billion, supporting over 429,000 American jobs. With an average yearly salary of about $121,000, the ...
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 ...