- 01
In 2024, game developers secured $4.4 billion across 580 investments, marking an 84% increase in value compared to 2023.
- 02
Disney’s $1.5 billion investment in Epic Games was the primary driver of 2024 capital, accounting for 34% of the total developer investment value.
- 03
Developer-focused M&A activity reached $6.4 billion across 91 deals, representing 65% of the total industry M&A value for the year.
- 04
Excluding the Microsoft-Activision Blizzard deal, developer M&A deal count rose by 23% while total value fell by 8%, signaling a strategic shift toward acquiring distressed assets.
- 05
Console and PC studios remain the primary focus for capital, capturing 42% of investment volume and 50% of M&A volume.
- 06
The vast majority of investment activity is geographically concentrated, with Europe, North America, and Asia accounting for 96% of total capital value.
- 07
The developer landscape is dominated by small-scale operations, as 90% of studios receiving investment employ fewer than 50 staff members.