The West News
    Facebook Twitter Instagram
    The West News
    • Home
    • News
      • Tech
      • Sports
      • Local
    • Money
    • Credit Card
    • Education
    • Gaming
    Facebook Twitter Instagram
    The West News
    Home»News»Will Social Media and Streaming Moguls Eventually Own the Gaming Industries?
    News

    Will Social Media and Streaming Moguls Eventually Own the Gaming Industries?

    The West NewsBy The West NewsJune 2, 2022Updated:June 2, 20224 Mins Read
    Facebook Twitter Pinterest LinkedIn Tumblr Email
    VR
    Share
    Facebook Twitter LinkedIn Pinterest Email

    Right now, the gaming industry is undergoing a huge period of consolidation. Microsoft recently splurged $68.7 billion to reel in Activision-Blizzard, shortly after securing Bethesda for $7.5 billion, while Sony has added Bungie to their 2019 snapping up of third-party darling Insomniac Games.

    Elsewhere, Embracer Group has been able to acquire IPs for Tomb Raider and Deus Ex by paying a mere $300 million for Crystal Dynamics, Eidos-Montréal and Square Enix Montréal to Square Enix. It’s not just in gaming that consolidation is coming by the bucket-load, with Big Tech looking to be boiling down to just a few colossal players in a prelude to the dystopian futures forewarned by many a science-fiction writer.

    With Ubisoft and Electronic Arts reportedly marketing themselves amidst the action, there’s plenty of space for another firm to swoop in, with social media and streaming moguls eyeing up modern gaming industries, including the recently renamed company Meta.

    Moguls venturing into gaming

    It wasn’t long ago that Facebook was a hub for casual gaming. When it was only accessible through computers, games like Farmville, Game of Thrones Ascent, and Backyard Monsters thrived, quickly establishing the social media platform among fellow browser-based gaming sites. However, while the smartphone brought more people to Facebook, it also eradicated its gaming space.

    Since then, Facebook Gaming has been created to muscle in on a new area of gaming: game streaming. This was built to compete with the likes of YouTube and Twitch in the social gaming space. Now, with the announcement of the Metaverse, which uses virtual reality gear to access a digital world, gaming’s only going to become more of a focus for the company, with VR predominantly used as gaming hardware as it stands.

    Where Facebook’s unexpected gaming scene faded with the rise of smartphones, Netflix has burst onto the scene with their N Games platform of mobile games. The games are found on the Netflix mobile app, with recent newcomers Dragon Up, Exploding Kittens – The Game, and Moonlighter bolstering the selection. They also released a Stranger Things mobile game that can be played as part of a Netflix subscription.

    Breaking into the industry

    For the most part, Meta and Netflix are relying on their own platforms and creations to establish themselves in gaming. As the space is so competitive already for just about every platform of play, they could do with a little extra kick to draw in more players and emphasise their plans to become major names in gaming. To achieve this, they could look to a different line of gaming.

    The online casino gaming, or “iGaming,” space has been able to become very popular because all platforms subscribe to an ultra-competitive mentality. This is most clearly demonstrated by the freebies and promotions, which have led to a battle for the best casino bonuses in the UK, US, and in other major markets. They offer free playing funds to new players so that they have additional money to enjoy the games on offer.

    Were Facebook and Netflix to want to break into the wider gaming scene, a similar approach would not only be savvy but proven to work. Amazon’s gaming platform offers freebies to subscribers, while the Epic Games Store went all-in to challenge Steam’s all-but-monopoly in PC gaming by giving away full free games each week. The best way to compete, it seems, is to become absurdly accessible through free ways to play.

    If this is understood and access to games becomes free under Facebook or Netflix, they could begin to become more prominent in the gaming space, perhaps convincing them to snap up some established studios.

    gaming News
    Share. Facebook Twitter Pinterest LinkedIn Tumblr Email
    The West News
    • Website

    TheWestNews is a publication where we share the latest news regarding entertainment, gaming, sports, and local American news. Want to be featured or have some tip for us then reach at "[email protected]"

    Related Posts

    SEC East vs. West, Which Conference is Better?

    September 29, 2023

    Online Tutoring: Bridging Gaps in the Digital Age

    September 27, 2023

    Predicting the starting lineup for New England following unexpected cuts in the 53-man roster

    September 21, 2023

    Comments are closed.

    SEC East vs. West, Which Conference is Better?

    September 29, 2023

    Online Tutoring: Bridging Gaps in the Digital Age

    September 27, 2023

    Predicting the starting lineup for New England following unexpected cuts in the 53-man roster

    September 21, 2023

    Key points and recommendations for beginners who will play Path of Exile

    September 21, 2023

    Bank of America Hours: Working Hours & Holidays

    September 18, 2023

    Credit Cards with a $5,000 Limit Guaranteed Approval

    September 18, 2023

    Best Credit Card Signup Bonus Offers in 2023

    September 7, 2023

    Is NY Banning POW Mining? 

    August 22, 2023
    Facebook Twitter Instagram Pinterest
    • About Us
    • Meet the Team
    • Contact
    • Disclaimer
    • Privacy Policy
    • Sitemap
    © 2023 TheWestNews.

    Type above and press Enter to search. Press Esc to cancel.