Strictly Business The Value of Videogame IP in Post-'Minecraft' Hollywood
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May 21, 2025 Corey Erickson, an analyst at the Variety Intelligence Platform, delves into the burgeoning relationship between video games and Hollywood. He discusses the impact of 'The Minecraft Movie' nearing a billion-dollar milestone and what that means for the future of gaming IP in film. The conversation covers the highly anticipated 'Grand Theft Auto 6,' including its effects on market dynamics and other publishers. Additionally, Erickson explores Netflix's gaming strategies and the rise of cloud gaming, highlighting how these trends are reshaping the entertainment landscape.
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GTA6 Delay Shifts Industry Expectations
- Grand Theft Auto 6's delay removes a predicted $2–3 billion boost from 2025 industry forecasts.
- The AAA market loses a potential catalyst for console and high-end hardware sales this year.
Switch 2 Starts A Pricier Life Cycle
- Nintendo's Switch 2 marks a costly new cycle at a $450 console launch and $80 first-party game pricing.
- Higher hardware and software prices may test Nintendo's ability to sustain Switch-era momentum.
Tariffs Reshape Console Economics
- Tariffs and overseas manufacturing risks are forcing hardware price changes across the industry.
- Xbox raised console prices after tariffs, showing vulnerability in global supply chains.