"GAMES INDUSTRY" content on TweakTown - Page 1

Despite being on track to achieve $187 billion revenue throughout 2023, the video games industry has laid off over 6,100 employees so far this year.

Video games industry analyst Mat Piscatella predicts that digital-only AAA games will become more prevalent in the following years as physical recedes.

Microsoft's $68.7 billion buyout offer for Activision-Blizzard is the largest in games history, beats previous record by $56 bn.

Here's when games companies Microsoft, Nintendo, Sony, Activision-Blizzard, Take-Two Interactive, Ubisoft, and EA reveal earnings.

Per NPD, next-gen consoles, Switch, and current-gen hardware sales propel U.S. market trends to highest point in last 13 years.

North America's gaming market made $42.83 billion in 2020, and here's how some of the industry's top publishers contributed.

COVID-19 lockdowns sparked significant game hardware and software spending growth in the United States to a record $56.9 billion.

Microtransactions are expected to rake in 77% of 2020's total global games earnings.

The global games market raked in $10.2 billion in May 2020, up 14% from last year.

Newzoo's latest report estimates massive $159 billion revenues from gaming in 2020 driven by increases in mobile, console, and PC.

Digital gaming surges to $10.5 billion on COVID-19 lockdowns and console is up a huge 42% YoY.

April 2020 delivers record game spending in the United States, driven by Switch hardware, Final Fantasy 7 Remake, and COVID lockdown measures.

The COVID Effect pushes monthly digital game revenues to all-time heights.

Total digital games spending hit $9.2 billion in February 2020 driven by strong mobile gaming revenues.

Fortnite revenues dip on the game's most lucrative platform, causing substantial slide in digital F2P console earnings.

U.S. to topple China in 2019 games revenues, analyst firm predicts.

Surprise: it's all about money.

Chinese games-maker Tencent reigns with $45 billion in revenues through 2018.

Battle royale games are money-making monsters.

PUBG takes top spot, Rockstar has two games in top 5.

Free-to-play earned $87.84 billion in 2018, primarily from Asian gamers.

Activision's hand-off of Destiny IP to Bungie may indicate strong confidence in Blizzard's new IP pipeline.

Sony's stellar PS4 sales need to continue if it wants to hit the lofty 17.5 million fiscal goal.

The Electronic Software Association is in favor of lootboxes.

The Federal Trade Commission will scrutinize the game industry's billion dollar lootbox market.

Publishers, blinded by billions, need to be more flexible about microtransactions and re-think engagement strategies.

Thanks to engagement-driven microtransactions, Take-Two's online-based strategies continue paying off.

But software still reigns supreme.

At EA, live services rule the digital kingdom and microtransactions reign supreme.

Digital games revenue saw a 15% increase in June, reports analyst firm.

The battle royale market is set to pull in tremendous earnings in 2018.

Mobile will make up over half, but PC isn't far behind consoles.

The massively lucrative digital monetization market is expected to hit huge heights in four years time.

Sony's latest quarterly earnings are full of surprises and good news.

EA's latest quarterly results show some interesting tidbits, like how its live services tripled the earnings from digital full game downloads.

Don't expect EA to magically give up on microtransactions any time soon.

Free-to-play mobile gaming continues its strong hold on global games market throughout 2017, earning about $51 billion last year.

Gaming is set to grow even more throughout 2022, analyst firm DigiCapital predicts.

Hawaii State Rep. Chris Lee isn't giving up on his quest to thwart predatory lootbox gambling.

After years of running service games, EA has nearly perfected its business model in terms of engagement, monetization, and flexibility.

Ubisoft can rest easy (for now)

It's not a surprise that EA is totally focused on engagement, and EA CFO Blake Jorgensen outlines the company's live service model.

Respawn flew into the open arms of EA for more than a few reasons.

For the first time, Ubisoft made more money from microtransactions, DLC, and in-game content than digital download sales in a half-year period.

Activision, not unlike other major publishers, spends hundreds of millions of dollars on games development and upkeep.

Live services are extremely important foundations for major games publishers like EA, who earn billions a year from mTX, DLC, and subscriptions.

PlayStation console and handheld hardware sales are up year-over-year as network software and services soar.

Sony's bottom line net income sees a meteoric rise in its second quarter results.

Sony's games and network services segment pulled in more revenue than other branches, showing how important gaming is to the company.

Xbox Game Pass is scratching an itch that console gamers have had for years.