The U.K. consumer games market was valued at £7.16 billion ($9.4 billion) in 2021, a growth of 1.90% from £7 billion in 2020, according to the annual valuation report released by trade body, the As…
Series and Nintendo’s Switch. Virtual Reality hardware sales soared 41.9% to reach £183 million in 2021.
Spend on digital console games declined by 5.59% to £1.65 billion with digital PC revenues down by 7.02% to £620 million. The Ukie attributes this to the lack of major releases. The sale of physical games also fell by more than 20%. Mobile game revenues were steady at £1.46 billion. The biggest decline was in the film, TV and soundtracks category, which plummeted 82.6% to £3.98 million in 2021, with the market suffering from reduced box office takings and a limited number of releases based on video game IP. The report forecasts an uptick in 2022 as the sequel to 2020 hit film “Sonic the Hedgehog” releases this week.
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