Video Game companies consuming each other
Last year saw some video game companies buying other companies, sure, but in 2022 we saw even more of these deals across the industry, happening in ways that may signal some not-so-great industry changes. Sony now owns Bungie. Microsoft is buying up Activision. Epic bought up Harmonix. Take-Two spent billions on Zynga. Netflix is buying up game studios. And Embracer and Tencent are in a race to consume whatever is left as fast as possible.
It’s likely that for some people, this will be a good thing in the short term as their jobs become more stable or they gain access to more resources. But as fewer and fewer companies own more and more of the industry, it becomes rarer and rarer for these giants to take risks. And if one of them ever fails and dies, it could end up taking a third of the industry with it. But hey, at least you get Doom and Call of Duty as part of Game Pass!
