Reports now say the Video Game Industry worldwide was worth $159Bil in 2020, a notable 9% annual increase. Based on growth trends, current forecasts estimate a total of $200Bil net worth by 2023. The greatest growth is expected in Latin America and APAC countries, both projected to grow around 10%. China and the USA have the largest number of consumers to date. Alongside general growth predictions, DLC sales should continue to grow too.
Square Enix is launching a recurring online event, titled Square Enix Presents, that showcases news, updates, and new games they are involved in. The headline feature for next week’s show is a new entry to the Life is Strange series. Other notable titles include the upcoming Outriders, Marvel’s Avengers, and Balan Wonderland.
Leaders from Microsoft’s Xbox and Bethesda Softworks teams meet this week in a Livestream to publicly discuss the companies’ new relationship after Microsoft acquired ZeniMax media. Microsoft has announced that moving forward, Bethesda Softworks will develop exclusively for Xbox and PC systems.