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The escalating expenses associated with video game development have prompted major gaming companies like Sony and Warner Bros. Games to pivot towards creating mobile and live service games. [41] [42] Layoffs and studio closures have also impacted successful live service game companies, such as Epic Games and Bungie.
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On July 26, 2024, SAG-AFTRA (Screen Actors Guild – American Federation of Television and Radio Artists) initiated a labor strike involving the union’s voice actors and motion capture artists against American video game companies signed to the union’s Interactive Media Agreements over failed renegotiation terms of the contract that had expired in November 2022.
Sega of America laid off 61 employees across its QA and localization departments. [29] 600 Activision QA workers unionized under the Communications Workers of America (CWA), creating the largest video game union in North America. [30] 14 Embracer Group divested Saber Interactive and a portion of its studios to a private firm for $249 million ...
The American video game industry experienced significant resurgence in mergers and acquisitions between 2020 and 2024. Video game companies anticipated that the substantial growth observed during the pandemic would persist afterward, prompting many firms to explore mergers and acquisitions.
Companies around the world are all facing an interesting dilemma in 2024, according to Amazon CEO Andy Jassy: their biggest problems and solutions might be one and the same. “The opportunity and ...
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The holidays won't save the game industry from its terrible year Video game sales around the world have slumped in 2022, and experts predict that even the holiday shopping season won't rescue the ...