More technology companies want to get into the video game business.
Just within the past week Netflix, Peloton, Zoom and Amazon have added games to their business plans.
The potential promise of video games makes the medium attractive. The global video games market, estimated at $177.8 billion in 2020, is expected to surpass $200 billion by 2023, forecasts Tom Wijman at research firm Newzoo.
But there’s no guarantee these big names will succeed. Several big failures such as 3DO and N-Gage dot the industry’s timeline and even companies with a history of video games such as Atari, Nintendo, Sega and Sony have had setbacks.
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