2min snip

Decoder with Nilay Patel cover image

What happened to the metaverse?

Decoder with Nilay Patel

NOTE

Challenges and Consequences in the Gaming Industry

The gaming industry is experiencing turmoil with more players and money, yet many game studios going out of business. This shift reflects years of growth followed by revenue decline, increased labor costs, and trends like unionization. The industry has unexpectedly contracted during the pandemic, contrary to forecasts, leading to significant consequences. As the industry matures, a few platforms are gaining more power and influence in every aspect.

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