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UK video game and interactive entertainment sector valued at £7.82 billion in 2023

Game Developer

Console hardware and digital software sales propped up the latest valuation.

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Should Xbox and PlayStation make a handheld console? | Opinion

GamesIndustry.biz

As the ninth generation enters mid-life, the rumour mill has started again on what new console hardware will look like. Reports have come out that both Microsoft and Sony are courting console handhelds as the next best thing. Reports have come out that both Microsoft and Sony are courting console handhelds as the next best thing.

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Sega announces 121 redundancies at Relic Entertainment

GamesIndustry.biz

Sega has announced it will make 121 redundancies at Company of Heroes developer Relic Entertainment. Company of Heroes 3 launched on PC in February and arrives on consoles this month. Sega says it is restructuring the studio to focus on core franchises, including the Company of Heroes series.

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PlayStation 5 now represents 50% of Sony's active console base

GamesIndustry.biz

Sony Interactive Entertainment has given an update on its console business, revealing that 50% of its users are now on PS5, with the other half on PS4. In fact, the firm says that PS5 is the most profitable console generation so far. In fact, the firm says that PS5 is the most profitable console generation so far.

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Video games is no longer the biggest entertainment medium in the UK

GamesIndustry.biz

The the first time in over ten years, video games is not the UK's biggest entertainment medium. That includes sales of digital and physical video games, covering PC, mobile and consoles. ERA, which is the UK trade body representing video, music and games retailers, says that revenue made by video games in the UK reached £4.74

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Where is the console hardware market headed? | Opinion

GamesIndustry.biz

We're in a very unusual place for hardware right now – still feeling the ripples and knock-on effects of the market distortions seen during the COVID-19 pandemic, even though direct effects like supply chain disruption are now behind us.

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Lightspeed Studios appoints Sony veteran as vice president of PC and console publishing

GamesIndustry.biz

Lightspeed Studios has appointed industry veteran Michael Pattison as vice president of its publishing division for PC and console. He left SIE in 2021, and was appointed CEO of Team17 in 2021 for two years.

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