News Link: Pandemic Taking the Video Game Industry to another Level
Videogames were already a multibillion-dollar industry. The pandemic is sending them to another level.
With so many people taking a break from movie screenings and dining out, spending on videogames and equipment since March. People who already played videogames are playing more. Meantime, former gamers have dug their dusty consoles out of the closet to revive the hobby. Newbies are taking up the habit, too.
There are new releases such as “Animal Crossing: New Horizon” and older hits like “Grand Theft Auto V”. These are reeling in players across generations and geographies. As gamers are drawn at least in part by the ever-increasing opportunities to socialize with friends and strangers inside virtual worlds.
The surge in popularity is accelerating a shift in the balance of power within the global entertainment landscape. Musicians, athletes and politicians are increasingly seeking out games and game-streaming platforms for attention. And tech giants are betting big that the trend will outlast the pandemic. Microsoft Corp., for instance, announced plans in September to spend $7.5 billion to acquire the company behind the popular Doom game franchise.
Compiled by – MK (Editor)
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News Link: Pandemic Taking the Video Game Industry to another Level
