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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.
Some media outlets compared the 2023-2024 layoffs to the video game crash of 1983, when the US video game market collapsed due to an oversaturation of poorly made, low-quality games, causing the video game industry to enter a recession for two years. This has sparked discussions about a potential "second video game crash."
The Game Awards, honoring the best video games of the year, was held at the Peacock Theater in Los Angeles. [64] 19 Sony and Kadokawa Corporation, the parent company of FromSoftware, Spike Chunsoft and Acquire, agreed to form a strategic business alliance, with Sony becoming the largest shareholder in Kadokawa. [65]
Reddit, which went public in March, last month reported its first profit as a publicly traded company. The social media service also reported that its daily users surged 47% to 97.2 million ...
Unlike most video game websites, Giant Bomb does not heavily cover industry news from a business perspective. During an interview on X-Play, Gerstmann said that he thought video game websites had become too focused on the business side of games, and that game news had become "stale" in the process. "We want to get out there and talk about games ...
Reddit went public in 2024 and is a more popular, profitable site than ever in its 20-year history. BI spoke to 11 Reddit employees about the new challenges and maintaining its beloved culture.
GameSpot is an American video gaming website that provides news, reviews, previews, downloads, and other information on video games. The site was launched on May 1, 1996, created by Pete Deemer, Vince Broady, and Jon Epstein.
This broadening of the platform has also been reflected in the business. Reddit went public earlier this year at a $6.4 billion valuation, and last quarter, the 20-year-old company turned a profit ...