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Video Game Sector Will “Struggle Finding Footing” In 2024 As Growth Retreats To Pre-Covid Levels, New Report Predicts
EXCLUSIVE: While Microsoft‘s acquisition of Call of Duty maker Acquisition Blizzard delivered a major boost in 2023, overall M&A and investment in the video game sector this year will return to quieter, pre-Covid levels, a new forecast says. DDM Games, in a report recapping 2023 and previewing 2024, says the industry will “struggle finding footing” […]
Although the pandemic boosted a number of sectors, including streaming, “there’s no question the games industry benefited the most as the world turned to forms of entertainment,” DDM said. “The exponential growth among revenues, profitability, investments, acquisitions, and IPOs was unsustainable for the industry since the world would eventually go back to normalcy.” Some reasons for optimism about future deal flow include well-capitalized venture capital firms, Saudi Arabian investment funds and the adoption of blockchain games.
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