cormack12
Gold Member
Source: https://www.bloomberg.com/news/news...-big-video-game-industry-predictions-for-2024
Switch 2 will have an unexpected twist
But I also think it will come with some strange quirk, be it unpleasant (charging fees for backwards compatibility with Switch games) or just plain weird (augmented reality integration). My longshot prediction: a more complicated console with a detachable screen for portable gaming.
Saudi Arabia will go big on gaming
I expect that it will continue to follow that path in 2024, making a big splash with the purchase of a major video-game developer or publisher. This will lead to some fallout. Many Western employees have strong feelings about Saudi Arabia’s human rights record. They’ll have to grapple with whether to stay at their jobs or venture into an uncertain market.
Consolidation will return
game companies are going to return to merging and acquiring. Potential buyers include Saudi Arabia and several US tech giants: Amazon.com Inc., Alphabet Inc. and Apple Inc. (Microsoft Corp. will stick with smaller moves rather than risk another drawn-out battle with regulators.) Potential sellers include Ubisoft Entertainment SA and Electronic Arts Inc. as well as a handful of mid-sized game companies, such as Borderlands-developer Gearbox Entertainment, which is on the market following the implosion of parent company Embracer Group AB.
Games as a service will face a reckoning
Sony’s PlayStation, which inexplicably said in 2022 that it planned to release ten live-service games in the next few years, will be the biggest victim of this collapse. It has already canceled several of its service games, and it’s reasonable to expect that more will follow.
The union effort will begin for real
The North American video-game industry is not unionized, although we’ve seen the beginnings of a few organization efforts at companies such as Activision and ZeniMax. I expect that to change significantly this year.
Switch 2 will have an unexpected twist
But I also think it will come with some strange quirk, be it unpleasant (charging fees for backwards compatibility with Switch games) or just plain weird (augmented reality integration). My longshot prediction: a more complicated console with a detachable screen for portable gaming.
Saudi Arabia will go big on gaming
I expect that it will continue to follow that path in 2024, making a big splash with the purchase of a major video-game developer or publisher. This will lead to some fallout. Many Western employees have strong feelings about Saudi Arabia’s human rights record. They’ll have to grapple with whether to stay at their jobs or venture into an uncertain market.
Consolidation will return
game companies are going to return to merging and acquiring. Potential buyers include Saudi Arabia and several US tech giants: Amazon.com Inc., Alphabet Inc. and Apple Inc. (Microsoft Corp. will stick with smaller moves rather than risk another drawn-out battle with regulators.) Potential sellers include Ubisoft Entertainment SA and Electronic Arts Inc. as well as a handful of mid-sized game companies, such as Borderlands-developer Gearbox Entertainment, which is on the market following the implosion of parent company Embracer Group AB.
Games as a service will face a reckoning
Sony’s PlayStation, which inexplicably said in 2022 that it planned to release ten live-service games in the next few years, will be the biggest victim of this collapse. It has already canceled several of its service games, and it’s reasonable to expect that more will follow.
The union effort will begin for real
The North American video-game industry is not unionized, although we’ve seen the beginnings of a few organization efforts at companies such as Activision and ZeniMax. I expect that to change significantly this year.
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