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The Current State of Indie Game Development in 2024
The video game industry is experiencing significant layoffs and studio closures, with notable indie studios like Black Flag and Studio Thunderhorse recently shutting down due to various challenges. Over the past few months, industry leaders have shared their insights on the most pressing issues affecting the sector and the necessary support required to help indie developers thrive. Securing fundi…
Nov. 13, 2024, 2:01 p.m.
Feature
The Current State of the Indie Gaming Industry in 2024
The gaming industry is experiencing significant layoffs and studio closures, including notable indie studios. Recently, GamesIndustry.biz spoke with several indie developers to discuss the major issues the sector is facing and the support required to keep indie studios thriving. A key challenge developers mentioned is securing funding, made more difficult by the competitive market and the tendenc…
Nov. 13, 2024, 2:01 p.m.
Feature
Indie Games Industry Outlook for 2024
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Nov. 13, 2024, 2:01 p.m.
Feature
Former Hollywood Executive Aims to Transform Sega into a Global Entertainment Powerhouse
Sega has announced plans to accelerate the development of its intellectual properties across various media platforms, with a focus on building a robust transmedia strategy. The company has appointed former Disney executive Justin Scarpone as head of global transmedia to lead this effort. Scarpone aims to help Sega become a major entertainment company, leveraging its gaming business as a foundatio…
Nov. 12, 2024, 10:55 a.m.
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Ex-Hollywood Executive Aims to Revolutionize Sega into a Disney-like Empire
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Nov. 12, 2024, 10:55 a.m.
Feature
Former Hollywood Executive Aims to Revolutionize Sega into a Global Entertainment Powerhouse
As outlined in its latest financial report, Sega plans to build on its current gaming momentum by accelerating the transmedia development of its intellectual properties. This strategy has been in the works for several years, with successes such as the Sonic films and Angry Birds movies, as well as upcoming projects like a Like A Dragon series for Amazon Prime and a Shinobi series with Universal P…
Nov. 12, 2024, 10:55 a.m.
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Revamping Sega: A Former Hollywood Executive's Ambitious Plan
As outlined in its recent financial report, Sega aims to build momentum in its games business by accelerating transmedia development of its IP. This approach has been in the works for several years, with successes such as the Sonic films, Angry Birds movies, a Like A Dragon series, and a Shinobi series with Universal Pictures. To spearhead these efforts, Sega appointed Justin Scarpone, a former D…
Nov. 12, 2024, 10:55 a.m.
Feature
India's Gaming Market Expected to Reach $9.2 Billion in Five Years
India has witnessed a significant 23% surge in gaming revenues, reaching $3.8 billion in the last fiscal year, with projections indicating a nearly threefold increase over the next five years. A report by Lumikai, in collaboration with Google and Deloitte, reveals that mobile games accounted for 30% of India's new media market, which totals $12.5 billion. The gaming industry is poised to reach $9…
Nov. 11, 2024, 3:40 p.m.
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India's Gaming Market Expected to Reach $9.2 Billion in Five Years
The Indian gaming industry has experienced a significant surge in revenue, with a 23% increase in the last fiscal year, reaching $3.8 billion. According to a report by Lumikai, a venture capital firm based in India, the gaming market is expected to nearly triple in the next five years, reaching $9.2 billion by the end of the 2029 fiscal year. The report, created in collaboration with Google and D…
Nov. 11, 2024, 3:40 p.m.
Feature
India's Gaming Market Projected to Hit $9.2 Billion in Just Five Years
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Nov. 11, 2024, 3:40 p.m.