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Games Industry to Become Even More Concentrated; Pure-Play Companies Will Be Challenged, But Hits Like Palworld Will Still Occur

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games industry

It's not even the end of January yet and the games industry has already announced layoffs for several thousand employees, showing that 2024 could be even more problematic than the already troublesome 2023 in this regard. We reached out to MIDiA Research Senior Analyst and Strategy Director Karol Severin to discuss the state of the games industry in this post-pandemic, high-inflation environment. Sales were up 1% in the US and 1.7% in Europe for 2023, and Newzoo is forecasting growth for 2024 (although they believe it will be a lean year). At the same time, the games industry has been […]

Read full article at https://wccftech.com/games-industry-to-become-even-more-concentrated-pure-play-companies-will-be-challenged-but-hits-like-palworld-will-still-occur/

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