Rewriting The Future Of Esports At EA With Apex Legends, Madden NFL, FC Pro [Forbes]
TENCENT HLDGS UNSP/ADR (TCEHY)
NASDAQ:AMEX Investor Relations:
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Source: Forbes
occasional players, to their keyboards and console controllers for hours of online respite. Investment capital rushed in, and the future of games looked promising. Then the lockdown ended, everyone started going out again, and engagement and investment skidded downward. The industry's revenues have actually dropped nearly 3% since their 2021 peak of $190 billion. As analyst and investor Matthew Ball put it in “For those who worked in gaming, last year was brutal.” Revenue stagnated while costs rose substantially. Layoffs, cancelled projects and closed studios hit just about everywhere. Perhaps nowhere was the industry hit harder than in esports, the thin layer of high-end competitive leagues featuring the world's best game players. Brands pulled back, and so did investors financing some of the highest-flying teams and leagues. Apex Legends Global Series winners celebrate their trophy It's been a time of assessment and recalibration, of review and refocusing. All of which mak
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