A new report from Data.ai and IDC projects that revenue from mobile gaming will rise to $108Bil, consoles will hit $43Bil, and PC/Mac will increase to $40Bil in 2023, with subscription-based earnings leading consumer spending. Handheld revenue is forecast to fall by 20%, largely due to falling consumer interest in Nintendo’s budget-priced Switch Lite.
PitchBook reports that venture capital funding for games remained stagnant in Q2 2023. Total deal value rose 12% over Q1, but the overall number of closed deals fell by 29%. Latest data shows that VC funds are easing away from startups in favor of mature companies during the current period of economic uncertainty.
Activision is partnering with Modulate to bring AI-powered voice chat moderation to the company’s Call of Duty titles. Modulate’s ToxMod service is purported to identify hate speech, discrimination, and harassment behaviors in voice chat lobbies in real time, helping companies respond to the long-standing issue of player toxicity in first-person shooter game lobbies.
GamesIndustry.biz recently interviewed Xbox CMO Jarret West about the impending launch of Bethesda’s latest and Microsoft’s plans moving forward for Xbox Game Pass. West describes the highly anticipated release as a “comet launch,” an event that only comes along every few years but has the potential to drive engagement with the Xbox community beyond the traditional boundaries.