Here is a good article if you're interested in long-form reading.
TL;DR despite a good year for games, revenue is stagnant in nominal dollars and is declining in real dollars due to inflation. High interest rates also make financing development much more risky. That's leading to a lot of companies cutting staff and canceling projects.
Here is a good article if you're interested in long-form reading.
TL;DR despite a good year for games, revenue is stagnant in nominal dollars and is declining in real dollars due to inflation. High interest rates also make financing development much more risky. That's leading to a lot of companies cutting staff and canceling projects.