This Week in the Business: Doomed to Repeat History?

Illustration for article titled This Week in the Business: Doomed to Repeat History?

What's happened in the business of video games this past week ...

QUOTE | "Industry veterans will remember the crash of 1983 ... Today, the industry runs a similar risk."—Analyst report from Superdata, on the data indicating consumers are resistant to adding more hardware to their living rooms.

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QUOTE | "I know at least a few women who prefer working in the indie space because they find it less isolating or threatening."—Game designer Whitney Hills, on her insights on gender inequality in the game industry.

STAT | $437 million—Amount that Take-Two is projected to make from DLC and microtransactions from GTA V in the next five years; research firm Superdata expects Take-Two to get $206 million of that in the next year.

QUOTE | "It's always great to have two companies fighting each other. People like it; it creates a news story."—Sony Worldwide Studios boss Shuhei Yoshida, on why the competition with Microsoft is a good thing.

STAT | $4.03 million—Amount the Mighty No. 9 Kickstarter collected overall for the game by Mega Man creator Keiji Inafune; by beating all the stretch goals the game will now appear on 10 different platforms.

QUOTE | "More and more the fact that independent games are interesting to a broader public is becoming apparent to the larger publishers."—IndieCade founder Stephanie Barish, on the event that's drawing over 5,000 people.

QUOTE | "It's a very bumpy road to get from completely relying on someone to else to give us money to we're going to do it ourselves."—Double Fine lead programmer Oliver Franzke, on the "Dark Ages" of Double Fine.

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QUOTE | "Ultimately, without that must-buy product driving us all towards this stuff, I expect that the industry at large will watch curiously, but remain largely unaffected."—Gearbox head Randy Pitchford, on Valve's announcement of SteamOS and Steam machines.

STAT | 64%— Percentage of consumers surveyed by Reuters and Ipsos who have no interest in buying new game hardware; 26% were interested in buying a PS4 and 15% were interested in buying an Xbox One.

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STAT | 45 million—Number of unique visitors Twitch has each month for its game streaming; the company has just raised $20 million from investors including Take-Two.

This Week in the Business courtesy of GamesIndustry International

Image by Carlos Yudica | Shutterstock

DISCUSSION

harrymfa
Commenter-X

I remember well the videogame crash of 1983. As a gamer, I outgrew the Atari 2600, and new consoles only offered the same games with slightly better graphics. In 1983 the market was littered with space shooters, all trying to bring something new to the table, but essentially the same: Zaxxon had a faux 3D look, Moon Patrol had side-scrolling elements, etc. Even Nintendo, with the success of Donkey Kong, relied on platformers, thus we had Popeye, Mario Brothers and others followed with Burger Time and the like. It took a bunch of companies going belly up, until Nintendo brought a console that took games a step further. It took Super Mario Bros., Metroid, Zelda and Castlevania to prove that consoles could deliver more than the arcades. Today, I see the same problem than in 1983, with yearly installments of Call of Duty, FIFA and Assassin's creed, new consoles just bringing a ton of FPS with updated graphics. The FPS of 2013 is the space shooter of 1983. What will take the industry out of this funk?