Gaming Industry to Recover Soon, Says RallyHere CEO

The gaming industry has faced significant challenges this year, with the games-as-a-service sector experiencing additional difficulties, including unexpected game closures and revenue shortfalls. However, Stewart Chisam, CEO of RallyHere and president of Hi-Rez Ventures, remains optimistic about the industry's prospects. Chisam attributes the current downturn to a "bullwhip effect" caused by the pandemic, which led to a surge in demand and investment in the industry. As the pandemic's impact fades, the industry is now adjusting to a new normal, with growth slowing and companies reassessing their strategies. Chisam believes the industry will recover soon, driven by underlying trends such as the desire for social gaming experiences and cross-platform play. While the current market may be challenging, Chisam sees opportunities for innovation and growth, particularly in the free-to-play model. He also notes that the industry's cyclical nature means that trends can come full circle, creating new opportunities for games that may have been overlooked in the past. Looking ahead, Chisam predicts a bright future for the gaming industry, with continued growth and innovation driven by changing player habits and technological advancements. Despite current challenges, he believes the industry will emerge stronger and more resilient, with great times ahead for gamers and game developers alike.