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Game Mode: The Gaming Industry In 2024

Dec 31, 2024
Vincent Accovino, a video game journalist at NPR, Rebecca Valentine, a senior writer at IGN, and Shannon Liao, deputy editor at Inverse.com, dive into the complexities of the gaming industry in 2024. They discuss the contrast between developer layoffs and the abundance of new releases, spotlighting exciting indie games like 'Animal Well.' The guests also analyze the rise of 'Black Myth Wukong,' trends in AI impacting game narratives, and the anticipation for major titles like 'Final Fantasy VII Rebirth' and 'GTA 6.' A fascinating look at both challenges and innovations shaping gaming.
38:09

Podcast summary created with Snipd AI

Quick takeaways

  • The video game industry faced significant layoffs in 2024, largely driven by rising development costs and declining sales post-pandemic, creating job insecurity for many developers.
  • Despite industry challenges, indie developers thrived by releasing innovative titles like 'Palworld' and 'Animal Well', showcasing their ability to engage niche markets effectively.

Deep dives

Impact of Industry Layoffs

The video game industry experienced significant layoffs in 2024, with approximately 13,000 job cuts reported by the end of October. This trend has been attributed to various factors, including the rising costs and complexities of game development, which require larger teams but lead to job insecurity when projects conclude. Additionally, the post-pandemic decline in gaming sales has led many companies to cut costs, prompting debates over whether these layoffs are a necessary response or driven by corporate greed. This situation raises concerns for the future of the industry, as a substantial portion of developers are worried about their job stability, with 35% indicating they have been personally affected by layoffs according to industry surveys.

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