By somewhat near, I'm saying in the next say 5-10 years.
If you're not aware of what happened in 1983, I'll past some info from the wiki article below.
So with recent things like Activision Blizzard's stock doing bad, a lot of games doing poorly like Fallout 76 and many others like Battlefront II, do you see the possibility that something like this could happen again in the coming years? Or is the industry simply too big now where something like this is pretty unrealistic to happen? I think about the bankruptcies back then and wonder, how long these large companies, today, turn out more and more mediocre games as the players continue to demand more and more? Can they continue to soak up the losses with the occasional large hits or will it all come to a head at some point?
I can definitely see some of the larger companies merging and more acquisitions, but I'm not so sure if the entire industry would take a huge dump like it did back then. I think gaming right now is too ingrained in too many aspects of people's lives unlike in the 80's. But maybe I'm wrong.
Was just thinking about this after reading the stuff with Activision. I'm not really worried, but it reminded me of back then so figured it might be a good topic for discussion.
If you're not aware of what happened in 1983, I'll past some info from the wiki article below.
The video game crash of 1983 (known as the Atari shock in Japan) was a large-scale recession in the video game industry that occurred from 1983 to 1985, primarily in North America. The crash was attributed to several factors, including market saturation in the number of game consoles and available games, and waning interest in console games in favor of personal computers. Revenues peaked at around $3.2 billion in 1983, then fell to around $100 million by 1985 (a drop of almost 97 percent). The crash was a serious event which abruptly ended what is retrospectively considered the second generation of console video gaming in North America.
Lasting about two years, the crash shook the then-booming industry, and led to the bankruptcy of several companies producing home computers and video game consoles in the region. Analysts of the time expressed doubts about the long-term viability of video game consoles and software. The North American video game console industry eventually recovered a few years later, mostly due to the widespread success of the Nintendo Entertainment System(NES) in 1985; Nintendo designed the NES as the Western branding for its Famicom console originally released in 1983 in order to avoid the missteps which caused the 1983 crash and avoid the stigma which video games had at that time.
So with recent things like Activision Blizzard's stock doing bad, a lot of games doing poorly like Fallout 76 and many others like Battlefront II, do you see the possibility that something like this could happen again in the coming years? Or is the industry simply too big now where something like this is pretty unrealistic to happen? I think about the bankruptcies back then and wonder, how long these large companies, today, turn out more and more mediocre games as the players continue to demand more and more? Can they continue to soak up the losses with the occasional large hits or will it all come to a head at some point?
I can definitely see some of the larger companies merging and more acquisitions, but I'm not so sure if the entire industry would take a huge dump like it did back then. I think gaming right now is too ingrained in too many aspects of people's lives unlike in the 80's. But maybe I'm wrong.
Was just thinking about this after reading the stuff with Activision. I'm not really worried, but it reminded me of back then so figured it might be a good topic for discussion.