Gaming could take film and TV streamers to the next level
The Future. Gaming is bigger than ever and it’s expected to continue growing in the years to come… which could give film and TV streaming services a new line of revenue if they make some bold, forward-thinking acquisitions. If a company like Disney or Netflix took the bait, they could be at the forefront of creating an all-encompassing entertainment metaverse — especially since Microsoft isn’t invested in narrative content and Sony doesn’t have its own standalone streamer.
Is Hollywood missing out by not investing in gaming companies?
- While most of the big studios (including Disney, WarnerMedia, NBCUniversal, and Paramount) don’t have any real skin in the game when it comes to gaming, media analysts and Wall Street see gaming companies as ripe for acquisition.
- Why? Because this is the era of streaming, and the rise of cloud gaming could make it possible to include AAA titles right on an existing service.
- It’s the reason why Netflix is now making inroads in the space, recently launching its first five titles worldwide.
The global video game market was valued at roughly $174 billion last year by market research firm Mordor Intelligence.