Posted 3/1/2024, 8:51:00 PM
Video Game Industry Overextended in Pandemic, Faces Slow Recovery
- Video game industry overspent during the pandemic, ramping up acquisitions and hiring
- Growth stalled after initial pandemic surge, with revenues flattening the past 2 years
- Mobile and free-to-play games are capturing more younger gamers' time
- Live service games with continual updates are retaining players longer
- Industry may not recover fully until big 2023/2024 titles like GTA VI and new Nintendo console