Latest news with #AmpereAnalysis
Forbes
22-05-2025
- Business
- Forbes
How Will Grand Theft Auto VI's Delay Impact The Games Industry?
Rockstar Games It was the news that video gamers around the world were dreading: Grand Theft Auto VI was being delayed. The long-awaited sequel was due to launch on PlayStation 5 and Xbox Series X/S in the Fall of 2025, but earlier this month, Rockstar Games announced that its crime epic will now launch on May 26 next year. 'With every game we have released, the goal has always been to try and exceed your expectations and Grand Theft Auto VI is no exception' Rockstar said in its statement. It added that it needed 'extra time to deliver at the level and quality you expect and deserve'. Grand Theft Auto VI follows on from GTA V which has become one of the best-selling games of all time since it was released in 2013. It's sold more than 200 million copies, but this sixth instalment is set to dramatically surpass its predecessor and have a wider impact on the entertainment industry. Within its first year, GTA VI is projected to earn $3 billion. A billion of that will come from pre-orders alone, according to research from DFC Intelligence, as reported in the Financial Times last year. However, the delay means that the games industry will miss out on $2.7 billion in revenue, according to a report by Ampere Analysis, a data and analytics company based in London. It is believed that the loss will come from a downturn in console sales. GTA VI's release is predicted to act as a catalyst for many casual gamers to upgrade their hardware by purchasing current generation systems, like a PlayStation 5, but now many may wait until next year. Chris Hewish, chief strategy officer at Xsolla, a financial technology company in Los Angeles says that GTA VI's Fall release would have actually truncated its impact on the games industry in 2025 anyway. 'The projection is a big number, but the industry is much larger than that. The delay creates a lot of opportunities for other developers to move into that [Fall] Ampere forecasts that the games industry will still grow by one percent this year, despite GTA VI's move. For the first time, gaming will generate just over $200 billion ($201.3, precisely) while Rockstar's game will trigger a growth of 2.2 percent in 2026. 'The demand from people to play games hasn't diminished just because Grand Theft Auto has moved to next year' Hewish explains. 'We may see more people acquire a Switch 2 now instead and buy more games on that platform than they would have otherwise' he says. Nintendo Nintendo's new console, the Switch 2, is going to be released on June 5 and it will sell 15 million units within its first year, according to Nintendo's president, Shuntaro Furukawa. Hewish believes that the games industry will feel the impact of GTA VI's delay the most in 2026. He explains that some publishers may now try to move the release date of their game forward from next year to the Fall of 2025 to capitalise on the space left behind by Rockstar. 'This will have an impact on the developers , especially if launch dates are moved into this year. Now [developers] may have to crunch throughout the summer. That may be the untold story here; the impact on the teams themselves' he says. The delay has not dampened the world's appetite for GTA VI, however. After announcing the new release date, Rockstar revealed its second trailer for the game. Within days, it had been viewed over 475 million times across various platforms across the internet. As it stands, it's been watched 113 million times on YouTube alone.
Time of India
17-05-2025
- Business
- Time of India
GTA 6 delay projected to cost gaming industry $2.7 billion in 2025
Source: Rockstar Games The long-awaited launch of Grand Theft Auto VI has been officially postponed to 2026, and the shakeout is already being seen throughout the video gaming industry. Based on an Ampere Analysis report, the delay might lead to a whopping $2.7 billion loss in revenue this year, with effects reaching across console sales, game buying, and investor optimism. GTA 6 delay to cause significant slump in console and game sales Ampere Analysis, through The Game Business, predicts that the lack of GTA 6 in the release schedule for 2025 will result in approximately 700,000 fewer sales of the PlayStation 5 and Xbox Series X|S consoles. The game, which was revealed by Rockstar Games to come out in 2026, was heavily anticipated to push heavy hardware and software sales this year. Numerous consumers are said to be waiting to buy next-gen consoles until GTA 6 is released, particularly considering how high tariffs have made prices more expensive recently. Ampere also estimates a lack of about 20 million units in game sales from current PS5 and Xbox owners thanks to the delay. Combined, lost hardware and software sales equate to an estimated $2.7 billion decline in industry-wide revenue. Industry response and wider implications of the delay Take-Two Interactive , Rockstar's parent firm, has already witnessed its stock price dip after the revised timeline. The firm recently predicted $5.9 billion to $6 billion in bookings for fiscal 2026, missing Wall Street estimates and contributing to investor anxiety. The impact of the delay is filtering through beyond pure financial forecasts. Other game publishers, spotting a hole in the release schedule, are shifting their own launch timing. Electronic Arts, for instance, revealed intentions to launch a new Battlefield game in this financial year, looking to fill the gap left by GTA 6's non-appearance. While fans were discouraged by the delay, many in the industry are planning how best to leverage the additional runway. Nevertheless, it's obvious that GTA 6 is not merely a game, it's a market power, and its disappearance will be deeply felt for months to come. The delay of GTA VI is not just a disappointment to fans, it's a multi-billion-dollar disruption throughout the gaming universe. With console sales halted, game purchases slowed, and developers rearranging calendars, the lack of Rockstar's marquee title is rewriting 2025 big time. Also Read: GTA 6: Key takeaways from Take-Two's latest earnings call
The Guardian
05-05-2025
- Business
- The Guardian
Donald Trump announces tariff on movies from 'other nations'
On Sunday Donald Trump announced on his Truth Social platform a 100% tariff on all movies 'produced in Foreign Lands'. The US president repeated his announcement in an interview outside of the White House on Sunday evening. He said: 'The movie tariffs, what they've done is the other nations have been stealing the movies, the movie-making capabilities from the United States.' His comments are in response to the 40% decline in film and television production in Los Angeles over the last decade, according to FilmLA, a non-profit that tracks the region's production. At the same time, governments around the world have offered more generous tax credits and cash rebates to lure productions, and capture a greater share of the $248bn that Ampere Analysis predicts will be spent globally in 2025 to produce content
TimesLIVE
05-05-2025
- Business
- TimesLIVE
Trump orders 100% tariff on foreign-made movies to save ‘dying' Hollywood
In January, Trump appointed Hollywood veterans Jon Voight, Sylvester Stallone and Mel Gibson to bring Hollywood back "bigger, better and stronger than ever before". Movie and TV production has been exiting Hollywood for years, heading to locations with tax incentives that make filming cheaper. Governments around the world have increased credits and cash rebates to attract productions and capture a greater share of the $248bn (R4.5-trillion) Ampere Analysis predicts will be spent globally in 2025 to produce content. All major media companies, including Walt Disney, Netflix and Universal Pictures, film overseas in countries such as Canada and Britain. In 2023, about half the spending on movie and TV projects with budgets of more than $40m (R735m) went outside the US, according to research firm ProdPro. Film and television production has fallen by nearly 40% over the past decade in Hollywood's home city of Los Angeles, according to FilmLA, a non-profit that tracks the region's production. The January wildfires accelerated concerns that producers may look outside Los Angeles, and that camera operators, costume designers, sound technicians and other behind-the-scenes workers may move out of town rather than try to rebuild in their neighborhoods. A ProdPro survey of executives found California was the sixth most preferred place to film in the next two years, behind Toronto, Britain, Vancouver, central Europe and Australia. Hollywood producers and labour unions have been urging governor Gavin Newsom to boost the state's tax incentives to better compete with other locations. Trump's proposed movie tariff comes after a series of trade conflicts initiated by his administration, which have roiled markets and led to fears of a US recession. Former senior commerce official William Reinsch, a senior fellow with the Centre for Strategic and International Studies, said retaliation against Trump's film tariffs would be devastating. "The retaliation will kill our industry. We have a lot more to lose than to gain," he said, adding it would be difficult to make a national security or national emergency case for movies. Reuters
Time of India
26-04-2025
- Business
- Time of India
Jon Voight seeks to revive Hollywood's golden age
* Voight plans to restore Hollywood 's Golden Age * Film production in LA fell by nearly 40% in a decade * Voight, Paul support expanding California's tax incentives to $750 million annually By Dawn Chmielewski Jon Voight , one of three veteran actors named by U.S. President Donald Trump as "special ambassadors" to Hollywood, is preparing to outline his plans to restore the entertainment industry's Golden Age. Voight -- who rose to acclaim for playing a street hustler in the 1969 film "Midnight Cowboy" and received a best actor Oscar in 1979 for his portrayal of a paraplegic Vietnam War veteran in " Coming Home " -- said he has witnessed the heavy toll production flight has taken on the acting community as well as on those who support filmmaking. "Our hearts are broken," Voight said in an interview with Reuters. "We see what has happened to this industry that has drawn us out here to California." "Our job is to create jobs," he said. "To bring jobs back." Voight and his manager, Steven Paul, a filmmaker and producer best known for producing "Ghost Rider," expect to meet as soon as next week with Trump to recommend federal tax incentives, production credits and job training. Film and television production in Los Angeles has fallen by nearly 40% over the last decade, according to FilmLA, a non-profit that tracks the region's production. Meanwhile, governments around the world have offered more generous tax credits and cash rebates to lure productions, and capture a greater share of the $248 billion that Ampere Analysis predicts will be spent globally in 2025 to produce content. That has taken a toll on employment in Hollywood, where one recent Otis College report on the creative economy found 25% fewer film and TV jobs than in 2022. "Many of my fellow actors -- they're really hurting, and their friends are hurting," said Voight. "Every meeting we have, every interview, every interaction we have, I'm carrying those people in my heart." Trump appointed Voight and two other Hollywood veterans, Sylvester Stallone and Mel Gibson, in January, to bring Hollywood back "bigger, better and stronger than ever before." "These three very talented people will be my eyes and ears, and I will get done what they suggest," Trump wrote at the time, on his Truth Social platform. Paul said he and Voight met with union leaders, entertainment executives, and California's film commissioner, Colleen Bell, and others in open-ended conversations, to discuss possible solutions. Among the recommendations they plan to propose is accelerating the timetable for writing off the cost of production under Section 181 of the U.S. tax code, said Scott Karol, president of Paul's company, SP Media Group. The group also supports legislative efforts to expand California's Film and Television Tax Credit program, by more than doubling the amount of tax incentives the state offers to $750 million annually, up from the current level of $330 million. The state legislature also is evaluating whether to broaden the types of projects eligible for the program. Paul, who last year was among the bidders for Paramount Global, said he is so committed to restoring production in Hollywood that he is negotiating to buy a small studio with its own sound stages, and plans to mount his next three film productions in Los Angeles. He declined to name the studio, because the deal is not finalized.
