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Gaming startups raised $2 billion last year, according to a report from video game-focused VC Konvoy Ventures. 2023’s total was down significantly from 2021, $9.9 billion, and 2022, $6.7 billion ...
Mobile gaming is a behemoth in terms of annual revenue, and our gaming news coverage includes iOS, Android, mobile web and more, including companies like Netflix trying to get a foot in the door ...
This is a crisis amount of cuts. The Embracer Group provides the clearest example of rampant, surprise layoffs in 2023. Embracer has spent the past few years acquiring prominent midsize studios ...
The most extreme negative outcomes for an acquired indie studio are, of course, layoffs and closures. We saw a lot of these in 2023. An estimated 9,000 people lost their jobs in the video game ...
The video game industry received an influx of attention and cash during the pandemic in 2020 and 2021, and today’s layoffs are a response to a period of unchecked growth and corporate consolidation.
History of video games. Beginning in 2023 and continuing into 2024, the video game industry has experienced mass layoffs. Over 10,000 jobs were lost in 2023, and an additional 13,000 jobs were lost in 2024 from January to September. [1][2][3][4][5] These layoffs had reverberating effects on both established game development studios and emerging ...
SAG-AFTRA members voted overwhelmingly on Monday to authorize a strike against the video game industry. The union — which includes video game performers like voice, motion capture and stunt ...
This is a list of largest mergers and acquisitions (M&A) in the video game industry with publicly disclosed deal values.Microsoft's acquisition of Activision Blizzard is the most expensive video game acquisitions of all time followed by Activision-Vivendi Games merger and Take-Two Interactive-Zynga acquisition. 14 of the 20 most expensive video game purchases in video game history occurred ...