EXCLUSIVE – After “record-breaking layoffs, closures and business turmoil” in the first half of 2024, the video game business is showing signs of recovery, according to a new report from DDM Games.
DDM, short for Digital Development Management, is an agency providing representation, consulting and investment services, conducts regular studies of the sector.
Each of the first two quarters of the year has surpassed $2.3 billion in investments, a stark contrast with 2023, when no single quarter topped $1.3 billion.
The first-half tally of $8.1 billion across 488 investment transactions brings the total to a two-year high and has already exceeded the full-year total in 2023 of $4.5 billion. (See chart below.) The first half was aided by investments like Disney‘s $1.5 billion investment in Fortnite maker Epic Games and GameStop’s $2.1 billion sale of shares after a meme-stock runup, DDM noted.
Read more on deadline.com
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