The video game industry has undergone a massive transformation this year. Microsoft acquired Activision, Blizzard, and King for $69 billion, solidifying its position as the third-largest video game studio in the world. This deal gives Microsoft ownership of popular games like Call of Duty and Candy Crush Saga. However, it’s not just Microsoft and Sony making moves in the industry. Tencent, Netflix, and Devolver Digital are also investing in various gaming studios. As companies grow, there are concerns about layoffs and the impact on the creative process. Unfortunately, layoffs have affected over 9,000 employees in the video game industry this year, with companies like Embracer and Unity making significant staff reductions. Moreover, studio closures have contributed to this year’s upheaval in the video game industry. Despite its financial success, the video game industry is struggling with internal challenges related to layoffs and consolidation, reshaping the landscape of the industry.
Related Posts
European Launch of Threads Expected in December
- admin
- November 30, 2023
- 0
Meta is bringing its platform Threads to member countries in the European Union. In compliance with EU policies, users will be able to access Threads […]
Epic Games Wins Antitrust Lawsuit Against Google jury ruling
- admin
- December 12, 2023
- 0
Epic Games sued Google for violating US antitrust laws. A federal jury found Google guilty of having a monopoly on app distribution and in-app billing […]
Dispelling the Myth: QR Code Attacks Are Unlikely on Scan-to-Order Menus
- admin
- December 20, 2023
- 0
QR code-based phishing attacks are increasing. In this new hacking scam, victims receive a phishing email with a QR code that leads to a malicious […]