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Video Games Are Not Recession-Proof, Says NPD

GameDaily reports that Michael Klotz, senior account manager at the NPD Group, says the video games industry is already feeling the effects of the recession.

Gee, I could have told you that, looking at the list of recent industry layoffs. But Klotz pointed out in a Game Business Law summit at Southern Methodist University’s law school that spending on games hasn’t gone down – one out of every four American dollars is still spent on games. Rather, the rate of growth is decreasing; the 9, 12 and 8% increases in August, October and November should have been way higher, according to Klotz.

https://lastchance.cc/ea-responds-to-pandemic-rumor-31034730%3C/a%3E%3C/p%3E

ā€œThe game industry is growing, but it has been impacted by the recession,ā€ he said. ā€œWe probably would have seen even more growth if it hadn’t been impacted by the current economic climate in the U.S.ā€

Games Already in Recession, says NPD [GameDaily]

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