Amid layoffs and closures, video game bosses gather at ‘darkest hour’ of sector’s history to celebrate annual Game Awards

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Amid layoffs and closures, video game bosses gather at ‘darkest hour’ of sector’s history to celebrate annual Game Awards
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PARIS, Dec 12 — The movers and shakers of the video game industry will gather Thursday in Los Angeles to celebrate the annual Game Awards, the sector’s equivalent of the...

Amid layoffs and closures, video game bosses gather at ‘darkest hour’ of sector’s history to celebrate annual Game Awards

“Game industry continues to be just incredibly bleak behind the scenes,” Mike Bithell, who heads a small British studio, posted on the Bluesky social network this month. The country benefits from lower development costs than in the United States or Europe, and is home to industry giants such as Tencent and NetEase.And they are more accustomed to mobile games and free-to-play titles — games with no upfront costs that feature optional in-game purchases.

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