Technology
Free time and ‘Fortnite’: How coronavirus changed the video game industry forever – Yahoo Finance Australia
The video game industry has undergone massive changes in the last two quarters due to the coronavirus pandemic. And analysts expect more to come.
As coronavirus lockdowns continue to shutter movie theaters, restaurants, and sports stadiums, Americans are increasingly turning to video games for entertainment and to socialize with their friends and family.
And thats translating to record sales for gaming giants ranging from Microsoft (MSFT) and Nintendo (NTDOY) to Activision Blizzard (ATVI) and Take-Two Interactive (TTWO), with Newzoo estimating that industry revenue will grow 9.3% in 2020 to $159.3 billion due in part to the pandemic.
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