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The video game industry is massive, probably way bigger than most people think. It brought in around $187 billion in revenue last year, which is more than the film and music industries combined.
According to IDC, mobile game revenue shot up 32.8% to $99.9 billion in 2020, while digital PC and Mac game spending jumped 7.4% to 35.6 billion. Home console game spending, meanwhile, soared 33 ...
The video games market could become a $300 billion industry by 2025, with the growth of mobile gaming and offerings like cloud gaming. Plus Icon Film Plus Icon TV ...
But in 2025, the video game industry will finally have more cohesive safety strategies in place to better protect players from social harm. As the largest media sector in the world, ...
Yes, the video game industry is significantly bigger than the movie industry, with video games bringing in approximately $184 billion in revenue in 2024 and movies about $34 billion.
The video game industry continues to be hit with layoffs. I mean, just this year at least 6,000 layoffs have been announced. That follows more than 10,000 cuts in 2023.
Roughly 8,500 video game industry workers were laid off in 2022, according to a layoff tracker created by video game artist Farhan Noor. That number jumped to 10,500 in 2023.
Despite roughly 10,000 layoffs globally since the beginning of 2023, the video game business continues to grow. Experts discuss opportunities and how to make it in this competitive field.
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