Video Game Sector Will “Struggle Finding Footing” In 2024 As Growth Retreats To Pre-Covid Levels, New Report Predicts
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deadline.comEXCLUSIVE: While Microsoft‘s acquisition of Call of Duty maker Acquisition Blizzard delivered a major boost in 2023, overall M&A and investment in the video game sector this year will return to quieter, pre-Covid levels, a new forecast says.
DDM Games, in a report recapping 2023 and previewing 2024, says the industry will “struggle finding footing” this year amid the reset.
After the boom times of the pandemic, “companies are restructuring their operations through closures, layoffs, and divestitures,” the agency wrote in its report.
In large part due to the Microsoft deal and “against all odds,” in the view of DDM, overall investments and M&A in gaming added up to $81.1 billion.
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