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An EEDAR rep has claimed that boss Geoffrey Zatkin was misquoted by Forbes last week in an article that said only 4 percent of games ever make a profit.
“This was just a big mistake,” EEDAR told Edge.
“What Geoffrey said was that only 20 percent of games that start production will end up with a finished product. And of that percentage of finished games, 20 percent will make a profit.”
Apparently everything else from the article’s correct, though.
Thank God for that.
Viewing 3 responses
airdom said:
How could these mega businesses run if only 4% of the games turn a profit? that would be quite impossible.
i would be tempted to think that more than 20% of all the games released actually make money…imagine all those crap ass shovelware games on the Wii that cost a dollar or two to make, those guys are laughing their asses off!
Michael O'Connor said:
“How could these mega businesses run if only 4% of the games turn a profit? that would be quite impossible.”
Most of them don’t. A huuuuuge number of start-up companies in the gaming industry fall flat on their faces. And even some of the larger companies of the past generation are falling apart because they can’t keep up with the constantly growing financial demands of the industry.
Robo_1 said:
Genuine LOL at the headline. I was one guffaw away from spraying orange juice out of my nose… which wouldn’t have been nice!