S03 E19 MY.GAMES’ Elena Grigorian On Smart Strategies To Stay Afloat During This Industry Downturn
Nov 24, 2023
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Elena Grigorian, CEO of MY.GAMES, shares strategies for success in the gaming industry, including centralizing marketing, leveraging diversification, and embracing diversity. She discusses her journey to becoming a female CEO and MY.GAMES' efforts to empower women. Elena also talks about riding the industry's highs and lows and highlights the development she's most excited about.
MY.GAMES implemented a hybrid marketing structure combining central and studio teams, leading to significant business growth.
MY.GAMES prioritizes global expansion and diversification across platforms, genres, and markets for sustained growth in the gaming industry.
Deep dives
Scottish Games Week brings breakthroughs in the video games industry
Scottish Games Week recently concluded with double the number of speakers, delegates, and sponsors compared to previous years. The event received phenomenal support from the government, leading to the agreement to develop a national video game strategy, a first-of-its-kind in the UK. The success of Scottish Games Week demonstrates the potential for extraordinary advancements in the gaming ecosystem.
My Games' hybrid marketing structure drives remarkable growth
My Games implemented a hybrid marketing structure that combined a central marketing team with studio marketing teams, allowing for the exchange of expertise and seamless communication with the development teams. This strategy led to the formation of a team of almost 200 highly skilled marketing specialists, contributing to a tenfold growth in the business over the past eight years. The balance between centralization and decentralization has positioned My Games as a leader in the gaming industry.
My Games focuses on globalization and diversification for future growth
My Games has prioritized global expansion, establishing offices in various countries and forming communities in key markets. They have successfully tapped into the Asian market, particularly in South Korea, and are keen to further explore opportunities in China. Diversification is a core strategy for My Games, by expanding their portfolio across multiple platforms, genres, and business models, including licensing and investments. With a strong pipeline of new games and a commitment to diversity and inclusion, My Games looks forward to sustained growth in the gaming industry.
In a time when investors are calling for prudence and playing it safe, one company has managed to not only persevere but prevail. Elena Grigorian, CEO of MY.GAMES, joins hosts Peggy Anne Salz and Brian Baglow to explain the key strategies and developments that delivered a 14-fold increase in MY.GAMES’ effective marketing investments, a 4-fold increase in the company’s business, and an opportunity to crack the Chinese market. What’s more, Elena discusses her journey and challenges to becoming one of the few female CEOs in gaming and MY.GAMES’ impressive efforts to empower women and embrace multiculturalism in gaming. From diversification to centralisation to how to ride the game industry's highs and lows, this episode has it all.
CHAPTER TIMESTAMPS
00:00 - Intro
02:55 - MY.GAMES centralisation of marketing
07:42 - Should studios convert to 100% remote?
09:20 - How MY.GAMES leverages diversification
14:07 - Empowering women and cultivating diversity in games
18:48 - How to ride the games industry highs and lows
20:44 - The development is Elena most excited about
Check out more world-class speakers sharing their insights and expertise at one of our events. You can find details of our next event here - https://www.pgconnects.com/next-event
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