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Former Sony CEO: only 3 out of 10 games make a profit
Former Sony CEO Chris Deering said on the Edinburgh Interactive Festival that only 30% of all games make a profit.
Deering said that currently only 3 in 10 games recoup their development budgets. And that trend will continue in a future where an array of companies, such as mobile networking operators, cable, satellite and DSL operators plus TV networks and many others “will be in the competitive array”. So developers will have to turn to new revenue sources to cover their losses.
A pretty bold statement and if this is true, not a good one for the games industry.In other news:


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