As numerous video game companies close doors and several notable studios split from their publishers, the overall compass for the video game industry may be pointing South for the first time in 24 years. That seems all the more likely as every success story (Apex Legends) is being met with several stories of failures and missed goals (see Activision and Bungie).
According to the report, the biggest factors are strict Chinese regulations on foreign video games, a shortage of big console hits, and general fatigue among gamers. The report also points to the sharp drop in stock prices for companies like Tencent, Activison and Electronic Arts.
The one positive note was the prediction that revenue from VR gaming will double from $4 billion USD in 2018 to $8 billion USD by 2020.
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