As Fortnight’s recent tournament with $30m of prizes highlighted, online gaming looks like it will be a big area for growth over the next few years.
I’ve been hearing a lot about this recently, a16z did a great podcast episode on it recently, for example and the numbers are pretty mind blowing. Fortnight now has 250 million users & streaming platform Twitch has up to 4 million monthly streamers / viewers. It looks like the next Facebook might not be a conventional social network, it’ll be built around a game instead. Games like Roblox (the new Minecraft), are a sign of that, with a lot the behaviour looking more like socialising than gaming.
Obviously games don’t have to rely on advertising for revenue either, unlike Facebook etc whose business models look like they’ll come under more and more pressure if privacy issues continue.
This seems like a great opportunity for investors too, as so many of the companies that’re building these games are already public.
I’ll definitely be keeping an eye out for companies to invest in to tap into the trend. Does anyone think there’s particular companies that’re well positioned to capitalise on / drive the growth of online gaming? Let me know if you see more about this too & if there’s any info out there which suggests that some of the hype is unjustified..