Follow us on Google News
Get the latest updates directly in your Google News feed
WithHogwarts Legacysales already crossing 24 million copies to date, Warner Bros. Discovery’s gaming division is well afloat in tidal gaming waters. The failure ofSuicide Squad: Kill The Justice Leaguemust be a hard hit for the company. Still, IPs worth over $1 billion apiece including DC,Mortal Kombat,andGame of Thronesare more than enough to absorb the blow
Jean-Briac Perrette, Warner Bros. Discovery CEO, is hoping to sustain this successful cash flow by getting into the gaming zone more. The company is already in the market of developing AAA games for consoles and now they are planning to bring them to other platforms too. To strengthen its position in the $200 billion gaming market, it will also continue to invest in live service games.
Perrette Has Got Something in Mind For Hogwarts Legacy
Depending on a single game doesn’t strike as a great plan for J.B. Perrette, especially in the volatile market. But branching out does according to hiscomments from a recent event:
Rather than just launching a one-and-done console game, how do we develop a game around, for example, a Hogwarts Legacy or Harry Potter, that is a live-service where people can live and work and build and play in that world in an ongoing basis?
The WBD president isn’t sure about the future of the gaming industry so he is betting on the idea of owning IP rights. There was a mention of virtual reality which he believes will “increase in scale and adoption.” The concept is typically used alongside metaverse which many believe is already something of a dead space.
Hogwarts Legacy 2 Reportedly Making a Huge Change to the Harry Potter Formula, and It Couldn’t Have Come Sooner
WBD is currently developing a Wonder Woman game for the DC universe, as well as a Quidditch game for the Wizarding World. The poor reception that theSuicide Squadgame received has DC fans worried that Wonder Woman will be another title plagued with live service nonsense. Hopefully the Quidditch game won’t suffer the same sad fate.
The Gaming Market Isn’t Crumbling, It Just Needs More Quality to Thrive
Several companies are struggling to sustain themselves in the gaming industry as recent layoffs suggest. While Sony announced the 8 percent reduction in headcount, it also affected the development ofaTwisted Metalgamethat was reportedly under development. PS5 sales too weren’t satisfactory and affected the company’s share price.
Hogwarts Legacy’s Slytherin Common Room May Hold One More Secret that is Leaving Fans Puzzled and Confused
Similarly, Microsoft recentlywiped 1,900 employeesfrom Activision Blizzard and its Xbox division. Interestingly, the US tech giant acquired theCall of Dutymaker for a whopping $69 Billion last year. During the year-long process, regulators across the globe were raising concerns regarding the potential for a monopoly to be created in the market.
Esports gaming too appears to be in bad shape as Activision is involved ina lawsuit that may cost them $680 Million. Nevertheless, this doesn’t mean everything is going to crumble. If users look at games likeHelldivers 2,Elden Ring,Alan Wake 2, and more, they’ll realize quality content is the fittest survivor.
How do you think WBD will tackle the now volatile gaming market? Tell us in the comments section below.
Anurag Batham
Gaming Journalist
Articles Published :425
Anurag Batham is a video games correspondent at FandomWire. With over two years of experience in writing for different industries, his past works show his passion for the metaverse and his awareness of the environment. He’s always playing with ideas to turn them into captivating stories.A gaming enthusiast who can prove it when you have a round of Call of Duty (COD) with him. And it may take more than a coffee with him if you are to talk to him about Marvel. One can find a reader in him who’s always keen to perfect what he already knows and to learn everything new.
More from Anurag Batham
Dragon Ball: Sparking Zero May Be the Best Budokai Tenkaichi, but It Fumbled With Some Series Staple Features
Dragon Ball: Sparking Zero – How to Unlock Branching Paths During Frieza Revived (Frieza’s Saga)
Gohan Black’s Sparking Zero Debut Proves Why It’s the Greatest Dragon Ball Game Ever Made
Recommended
Switch 2 Scores Another Huge Win, as Indiana Jones The Order of Giants Lands September 4
Sekiro: No Defeat Might Outshine the Elden Ring Movie as FromSoft’s Next Big Adaptation
Everything You Can Unlock In The New Final Final Fantasy 14 X Monster Hunter Wilds Crossover
Gen V Season 2: How Many Episodes Are in the Prime Video Series?
5 Addictive Discord Games That Will Hook Your Whole Squad
Helen Mirren Agrees With Ana de Armas for Next James Bond With Feminist Take
Harry PotterHogwarts LegacyWarner Bros. Games
