Has my stock been accused of fraud?Join over 160k users who know.

Ticker Price Change($) Change(%) Shares Volume Prev Close Open Gain($) Gain(%)
Ticker Status Jurisdiction Filing Date CP Start CP End CP Loss Deadline
Ticker Case Name Status CP Start CP End Deadline Settlement Amt
Ticker Name Date Analyst Firm Up/Down Target ($) Rating Change Rating Current

News

Fortnite, GTA 5 Dominate Gaming Landscape Despite Blockbuster Releases

Author: Franca Quarneti | April 04, 2024 01:54pm

In 2023, despite the release of highly anticipated blockbusters like Spider-Man 2, Starfield, and The Legend of Zelda: Tears of the Kingdom, gamers continued to devote the majority of their time to older titles such as Take-Two Interactive Software Inc‘s (NASDAQ:TTWO) Grand Theft Auto 5 and Epic Games’ Fortnite.

According to a report by video game market analyst Newzoo (via Kotaku), 66 games constituted 80% of overall playtime, with a significant 60% attributed to games released six years ago or more.

Newzoo’s analysis, based on monthly active users across various markets, revealed that new releases struggled to break into the top ranks.

See Also: Epic Victory – Fortnite Returns To iOS In Europe As Apple Relents On EU Ban

Only a few new titles managed to gain traction, with Fortnite emerging as the most played game across all platforms, alongside other enduring favorites like Roblox, Minecraft, and Call of Duty.

Moreover, in 2023, over half of the 23% of playtime dedicated to new games was consumed by annual sequels like Madden or NBA titles.

Merely 8% of total playtime was allocated to fresh, non-annual releases. "It will be increasingly challenging to grow a game's playerbase," said Newzoo in the report, "particularly in our current landscape, where evergreen titles and robust content pipelines reign supreme."

Breaking Through The Classics

Despite the dominance of older games, a handful of new releases achieved notable success. Diablo 4 led the pack among new titles, followed by Warner Bros. Discovery Inc‘s (NASDAQ:WBD) Hogwarts Legacy, Baldur’s Gate 3, Elden Ring, and Starfield.

These games, although garnering comparatively lower playtime percentages, still achieved significant milestones. For instance, Diablo 4 witnessed a record-breaking launch month; Hogwarts Legacy became the best-selling game of 2023, marking a departure from the typical dominance of franchises like Call of Duty.

Read Next: Rockstar Delights Fans – Bully, LA Noire Added To GTA+ Library, Anticipates ‘Big’ Summer Update For GTA Online

Posted In: TTWO WBD

CLASS ACTION DEADLINES - JOIN NOW!

NEW CASE INVESTIGATION

CORE Finalist