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Video gamers set for world's biggest trade show

Economic Times · 10m

The Gamescom trade show, set to take place in Germany, is happening amidst a challenging time for the video game industry. The event is expected to attract over 300,000 attendees and showcase upcoming releases like Indiana Jones and the Great Circle and Call of Duty: Black Ops 6. However, the industry is facing layoffs, studio closures, and a decline in sales. While smaller studios struggle, larger publishers are implementing cost-cutting measures. Over 11,000 workers have already been laid off this year, exceeding the total for 2023. Despite the challenges, the release of highly anticipated games like Grand Theft Auto VI and the launch of Nintendo's Switch successor provide hope for the industry.