On the outside to many people, working within and/or around the videogame industry can seem to be one of the greatest joys in the world. The mere thought of working with or around videogames can seem pleasing to many and in most many occasions, that can be true. However, like all industries, it is not has glorious as it sounds....
Microsoft just posted the third quarter of its 2024 fiscal financial results. The software maker made $61.9 billion in revenue and a net income of $21.9 billion during Q3. Revenue is up 17 percent, and net income has increased by 20 percent.
Xbox content + services up 62% while hardware down 31%... seems about right with the way they tout you don't need the hardware to play. People can play on their phones or smart tv or other means. I don't hardly play on my consoles directly since getting devices like the logitech g-cloud and ps portal. Which is to also say I have been playing more digital than physical because of these devices.
Too expensive hardware when others offer the same or more for less? Good work, Green Team.
"Despite some early successes for Xbox games on rival platforms, Xbox hardware is down by a massive 31 percent this quarter."
"Without Activision Blizzard, Microsoft’s overall gaming revenue would have actually declined this quarter."
"Xbox content and services would have only been up a single percent without Activision Blizzard..."
"It looks like next quarter is going to be a similar story for gaming at Microsoft, too."
That is crazy... so A/B/K is carrying the whole Xbox gaming.
Oh and Microsoft will be fine. Windows, Office and Cloud are growing with each pc purchase.
As of right now, there are no monopolies in the games industry, and for the sake of the medium as a whole, they never should either.
And yet the biggest tech companies in America are essentially that. They buy up all the small comps only to kill them off and steal what they have, and if they can't buy em they bleed them to death.
They buy IPs not talent. That's why these buyouts never work and the IPs die. Right now it's too expensive to develop games - but I expect that to shift maybe as AI tools can make it easier. The best games have been indie games for awhile as big developers fuck their ips to death with "games as a service" -
GL compiles a list of some of the most mind-blowing video game narrative twists in recent memory, from The Last of Us to Outer Wilds
With articles like these cant you tag the games mentioned so that we can know ahead of time if there’s a spoiler to avoid?
Not clicking on your article otherwise.
You sound like you have the right attitude about it. I'm sure if you are knocking on the door and acting like a professional they'll slip you in. The microsoft conference will have space you should just go Mission Impossible style.
Very well written. Usually we don't get many first hand experiences of what journalists have to go through to get to E3 (maybe they don't want to upset their "benefactors"?) so it was great seeing how you outlined how it actually pans out. Wish you good luck for E3 - and hey, Bethesda, Sony and Star Wars: The Old Republic? For some one who's been in this for 3 months, that's a pretty damn good start. :)
I got denied to go to E3 because im 17 and that i run game-medic.com, but i enjoyed reading your article and got some insight on how you had to make appointments ahead of time to play the game. Kudos on your site and going about E3 with a positive attitude, nobody likes a up-tight nerdy journalist who lies in his writing just to please his advertisers,sponsors,and audience. Im stoked on you for being plain out honest ,and I look forward to what GZ puts out.