The Prof G Pod with Scott Galloway State of Play: The Video Game Industry — with Joost van Dreunen
8 snips
Jul 12, 2023 
In this engaging conversation, Joost van Dreunen, a professor at NYU Stern and author of 'One Up,' shares insights about the $300 billion video game industry. He discusses the vital power dynamics shifting from developers to major platforms like Microsoft and Apple. Joost analyzes Epic Games' innovative impact, the challenges plaguing virtual reality, and the intersection of gaming with Web 3 technologies. He also highlights the contrasting fortunes of industry giants like Nintendo and the trials of struggling European publishers.
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Gaming Industry Size
- The video game industry is a $300 billion industry, significantly larger than the domestic box office.
- It has cemented its position as mainstream entertainment.
Shifting Power Dynamics
- Most of the gaming industry's revenue goes to game publishers.
- However, platform holders like Apple, Sony, and Microsoft are gaining increasing market power.
Platform Growth
- Mobile gaming growth has plateaued due to its own greed and Apple's policies.
- Console gaming also slowed down as it enters the second half of its hardware cycle.
