Gaming Recap - October 2023
Monthly Recap #01 ft. thecoreloop & Gaming Grid
The Monthly Recap is brought to you by thecoreloop, Gaming Grid & Gaming Chronicles.
You will find the latest news in the Gaming, Web3 Gaming & Asia-region markets.
🗞️ ZOOM ON GAMING
This focus on the Gaming Market is brought to you by thecoreloop
Industry Trends:
- October’s top releases: Spider-Man 2, Super Mario Bros Wonder, Cities: Skylines II, Alan Wake 2, Forza Motorsport, Lord of the Rings, Detective Pikachu
- 2% of jobs eliminated in 2023
- Surprising demographics for gamers with 43+ year olds outnumbering GenZ and more than 50% of gamers find their spouse through gaming.
- SEA Region growth expected to hit $27B by 2027.
- Global gaming market size $188B in 2023 and 33 M&A deals worth $5B in Q2
Company Trends:
- Public companies making big moves like Disney looking to buy EA, Microsoft actually buying Activision, and FaZe Clan acquired for -98% loss.
- Tech giants Netflix and Samsung release beta test for cloud gaming while Meta drops new Quest 3
- UGC platforms change creator payouts and support (Fortnite’s new creator policies and PUBG’s $100M creator fund)
Product Trends:
- Many studios are porting their games onto other platforms (Clash of Clan to PC, Homa Games to Nintendo, and console games to mobile)
- The rise of Alternate App Stores is beginning (Oppo SEA, One Store Korea, Indus Appstore India)
🗞️ ZOOM ON WEB3 GAMING
This focus on the Web3 Gaming Market is brought to you by Gaming Chronicles
Ronin: released the Gifting Portal ; a simple way to gift Axies
🌏FOCUS ON ASIA
This focus on the Asian Market is brought to you by Yellow Panther, founder of the Gaming Grid
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Aaand… See you next month!
LFGGG