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Video Games Thrive During Pandemic Year Of New Console Launches, But Is An M&A Battle Royale Brewing?

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deadline.com
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Dade Hayes Finance EditorThe video game sector is seeing double-digit growth during COVID-19 and is poised for another shot in the arm by year’s end when Microsoft and Sony launch new consoles, according to industry reports by two Wall Street media analysts.The strong performance of gaming at a moment when so many other segments of media are reeling, combined with major tech firms booming in 2020, could be setting the stage for major consolidation, they note.Tim Nollen of Macquarie Capital wrote that gaming is “rapidly evolving into a consumer metaverse: interactive games, media and advertising integrations, and VR/AR render gaming a vast ecosystem of consumer experiences.” He pegged the total global value of video games at between $150.

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