As Embracer Group crumbles before our eyes, it offers a stark warning to what consolidation in the gaming industry could lead to.
Xbox CFO Tim Stuart discussed the application of AI gaming, the acquisition of Activision Blizzard, Game Pass, and how Microsoft measures success in gaming.
"Stuart explains that Xbox's mission is to bring its first-party experiences and subscription services to every screen that can play a game.
That means smart TVs. That means mobile devices. That means what we would have thought as competitors in the past, like PlayStation and Nintendo."
MS becoming a third party publisher is all but a done deal at this point.
"Success for us is we can keep growing that content and services revenue double-digits. [...]. If we can grow faster than the market is growing, we are taking share in the gaming market.
And that's where we want to be. It's a 250 billion dollar market. We are not 250 billion dollars."
Their goal is a monopoly
NCSoft unveiled new trailers for its upcoming games Project M and LLL at G-Star 2023 which show off new features.
LLL is targeting a 2024 release for PC and console. Hard to tell but looks sort of like The Division? Hope we can hear more on it soon. Interested to see how these first few AA/AAA games from Korean devs go
Dude just buy a xbox or pc and call it a day .
Not a bad article but there were things there that were completely unnecessary like the PlayStation hack, PS3 being expensive to buy or the always online and Kinect of Xbox. These things have nothing to do with industry consolidation.
With Sony, you could have went with the purchase of Evolution Studios and their shutdown after not delivering with Drive Club. Article writer did mention Lion Head closing their doors but could have mentioned the huge publisher acquisitions of Zenimax Bethesda and Activision purchases. It was kind of spoken about to sure up game pass but could have expanded more on these and their effect on the industry and their competitors.
Problem with Embracer is that they haven't made any impact with their purchases. They bought Studios and IP but have done really nothing to show for it. Maybe it was to get profit down the line eventually on their acquisitions by being the owner in the background. But their spending just seemed wasteful.
We'll see what they'll do over time and if it was worth the acquisitions.
With the cost of game development rising so much it is only a matter of time before the small to medium size publishers are required by larger companies. one huge failure, code, sync, the whole ship. Microsoft threw the biggest punch rent it wired so much talent so don’t be surprised when there is a definite reaction to those acquisitions.
I have always said this and I will always say this. I am against game platforms buying of publishers there enough independent studios they could acquire they should never go after publishers and then make their games exclusives
They were a warning since last year when they began shutting down several studios left and right after acquiring the rights to Deus Ex and the Legacy of Kain series.
This is why I don't want MS, Goggle, Amazon or Apple anywhere near gaming. At anytime these tax dodging mega companies can just take huge chucks of any industry they decide to enter away. Until we have consumer protections that are allowed to work outside of MS money hatting we will carry on losing more and more.
The more things owned by fewer and fewer companies the worse everything always gets.