The video games industry is broken and will not survive for long

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A reader is pessimistic about the future of the video games industry and worries about what will be left if it suffers another market crash.

Are we entering the last days of video games? In 1983 the video games market in the US suffered a crash so severe that shops refused to stock new games or consoles and most people wrote the whole concept off as a passing fad. It wasn’t until the release of the NES a couple of years later that it recovered, ushering in a new era in which none of the previous industry giants remained relevant.

Concepts that seemed like they might be publishers’ next big money maker, like NFTs and live service games, have already been discredited and that really doesn’t leave anything but indie gaming. To be honest, a world in which indie games are the only video games would probably not be so bad, but we all know that’s not going to happen.

 

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