Why does it feel like an industry crash is imminent? There’s finally explanation for the spate of job cuts in the games industry, even as Microsoft prepares to spend $69 billion on Activision. It’s becoming increasingly obvious that there’s something fundamentally broken within the games industry at the moment.
Except this is only going to make investors even more wary about handing their money over, as publishers essentially advertise their financial troubles. What doesn’t help is the ludicrous amount of money being spent on studio acquisitions, something that was also inspired by the pandemic-induced boon.
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