alt Hacker NewsBecause games is simply not a particularly profitable industry. There's a reason why Valve moved on from making games to being a digital landlord.
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I'm gonna need someone smarter than me to show me the numbers on that. Fornite by itself is insanely profitable.
Fortnite alone is estimated to produce more than five billion USD in annual revenue every year since 2018
It absolutely is a profitable industry, maybe not as profitable as todays greedy shareholders would like it to be. Just look at the CD Projekt that releases 1 game per 10 years and still makes a fortune through Netflix colabs and selling merch.
Is it games overall or specific genres? I always regard games that have stores and strong at UA as something else.
It’s a power law distribution.
Games are an obscenely, absurdly profitable industry. Particularly the successful ones.
Well, you goto be good nowadays, you compete against the whole worlds dreamy eyed teeangers wanting to make "their"game. A wellfunded, pig-trough-slop-mill ala hollywood can not compete against that when it comes to fun, art and experiences. They fled into gambling, but gamers actively ostracize lootboxers nowadays.
Steam works on the top 2 most played games on Steam right now.
It's the leading entertainment industry, beating tv/film/music. If you can't find profit there then you're not doing your job.
Right now even Valve realizes that Steam will literally run out of steam. This is why they have been trying to become more like Nintendo and selling their own hardware (with varying success) .
Games with micro transactions are one of the most profitable things that you can do today and fortnight being fortnight. There are tiny mobile companies being sold for billions and making massive profits with predatory mtx transactions. Gatcha games are doing extremely well, and fortnight is no exception.
Valve is making a killing over CS gambling and MTX as well, so not a good example. Steam is obviously making more but even CS itself would have made Valve a very successful and profitable company. Pretty much all of these build on predatory practices though.
If we are talking about games without MTX, yes that’s a very rough business.