Monthly Games Industry Report: June 2023

Key insights

6 takeaways

01
Liftoff reports that mid-core games account for 35% of gaming revenue.See it on page 4
02
Omdia's research projects the games industry cloud services market will exceed $12 billion by 2023, with AWS and Azure identified as the leading cloud platforms.See it on page 19
03
M.O.B.A. Network announced its acquisition of Wargraphs, a gaming services provider and in-game app developer, for up to $54.5 million.See it on page 14
04
The US Federal Trade Commission requested a temporary block of Microsoft's $68.7 billion acquisition of Activision Blizzard, with a two-day evidentiary hearing scheduled for June 22-23.See it on page 13
05
According to a HypeFactory survey, 60% of gaming influencers say they never utilized AI in their work.See it on page 23
06
Photon Quantum, the engine behind Stumble Guys and LEGO Star Wars Battles, is now free for development, according to the company.See it on page 6

Summary

The document is the June 2023 edition of a monthly games industry report, a digest of news across games and apps, investments, market research, and articles and interviews, drawn from multiple sources. It covers items such as Photon Quantum becoming free for development, G.Round's Private Playtest Service, and Fancensus's report on Diablo IV. Investment news includes AI Games FZ acquiring Good Job Games' hyper-casual games, and M.O.B.A. Network acquiring Wargraphs for up to $54.5 million. The Federal Trade Commission's request to temporarily block Microsoft's $68.7 billion acquisition of Activision Blizzard was scheduled for a two-day evidentiary hearing on June 22-23. Market research items include Liftoff's finding that mid-core games account for 35% of gaming revenue, and Omdia's projection that the games industry cloud services market will exceed $12 billion by 2023. A HypeFactory survey found that 60% of gaming influencers do not use AI in any way to create new content.