Website Claims There Is No Such Thing as a Video Game Industry

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In an article published on April 7, 2026, Aftermath’s Luke Plunkett noted discussions about a potential crisis in the video game industry, fueled by poor financial results, blunders, and warnings from veterans like Brenda Romero, drawing parallels to the great crash of 1983. Concerns include rising costs, mass layoffs, and the pursuit of “eternal games.” The worldwide video game industry generated nearly $180 billion in 2020. From its origins in arcade machines and home consoles using physical media, the industry has evolved into a global digital landscape with extensive online and social features. Spain has emerged as a significant center for video game consumption and development. The Spanish gaming sector generates approximately €1.479 billion annually. Both independent and established Spanish studios contribute to this success by selling their games internationally and collaborating on global projects. This activity is further boosted by gaming events, specialized fairs, and competitions that attract thousands of visitors. Recognizing its economic importance, the Spanish government is considering tax breaks, specialized training, assistance for international expansion, and regulations tailored to digital business models for the video game sector.

According to the White Paper on Spanish Video Games, Spain’s video game sector is thriving, with increasing revenue and user numbers. Mobile gaming saw the largest growth at 24% (excluding ad revenue), followed by console sales with a 19.6% increase, and PC gaming, which grew by 11%. Over 15 million gamers in Spain are active participants. In 2020, Call of Duty: Black Ops Cold War and Modern Warfare topped global sales charts. Other top-selling games that year included Animal Crossing: New Horizons, Madden NFL 21, Assassin’s Creed: Valhalla, The Last of Us: Part II, Ghost of Tsushima, Mario Kart 8: Deluxe, Super Mario 3D All-Stars, and Final Fantasy VII: Remake. Despite launching late in the year, Cyberpunk 2077 reached 19th place in sales. Actual sales for Animal Crossing: New Horizons and Cyberpunk 2077 were likely higher due to unreported digital sales. The COVID-19 lockdowns and new console releases from Sony and Microsoft drove increased demand for games and related accessories, a trend experts predicted would continue into 2021 before potentially slowing in 2022 with widespread vaccine availability.

Expanding Global Video Game Markets in the ’80s Amid U.S. Downturn and Artistic Evolution

Comparisons to the video game crash of 1983 (which lasted until 1985) are frequent during discussions about a potential industry downturn. However, the 1983 crisis primarily impacted the U.S. home console market due to saturation with low-quality games, especially for the Atari 2600. While devastating for Atari and its retailers, the U.S. was not the only market for video games at the time. In Europe and Japan, markets continued to grow, including the British personal computer market (Commodore 64) and Nintendo’s early consoles. The NES launched in Japan two years before Atari’s decline in the U.S. Video games are not merely an industry, but a medium for art, product, and entertainment. This text does not necessarily reflect the opinion of Portal PlayersForLife.

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