The Australian Government unveils its Digital Economic Strategy, which includes a tax break for game studios. The aim is to promote business growth. This should be a big step for Australian-based developers and hopefully promote more AAA studios to the country.
E3 2021 runs June 12-15th, with the content being free to access thanks to the ESA’s global media partners. The event just got larger, with a few big-name studios signing on this week. Square Enix, Sega, Bandai Namco Entertainment, Xseed Games, and Gearbox entertainment confirm their attendance. Konami, however, has withdrawn from the event and will not be appearing, despite previous news contrary.
Newzoo released their estimates for the Gaming Industry, projecting about $175.8 billion in revenue in 2021. This projection represents a 1.1% decline year-over-year due to Covid-19 effects, with numerous releases being pushed into 2022. Notably, Newzoo projects a 4.4% year-over-year growth in mobile games, up to an estimated $90.7 billion.
Activision Blizzard’s latest earnings report shows an overall positive for the mega-publisher, with an overall growth compared to last year. This, however, does not mean that all numbers are growing; the number of active monthly users for Blizzard’s games dropped significantly compared to the same time last year. Numbers show 27 million active users in January-March 2021, compared to the 32 million in the same 2020 window. However, these numbers are not surprising as the pandemic saw a surge in active users in 2020, and the recent release of Shadowlands brought in significant revenue.