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Gaming to Defy the Credit Crunch - Northwest Vision and Media

Tom Ivan's picture

By Tom Ivan

August 7, 2008

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Enda Carey, head of games and digital content at Northwest Vision and Media, is confident that the UK games industry will continue to grow despite the credit crunch.

“It’s my view that gaming is something that actually grows during recessionary times,” Carey told the Liverpool Daily Post. “People tend to stay in more rather than go out and do things. Games are one of the best ways to spend a lot of time.”

The idea that the sector can buck the trend by continuing to prosper in the face of an economic downturn was backed up earlier this year by the Office for National Statistics, which said in May that videogames were propping up falling UK retail sales.

Carey, who worked at Sony’s Liverpool studio for three years, also said that smaller developers will increasingly need to partner with other firms in order to compete with gaming’s major players, and views collaboration across different sectors as a key means of pushing the industry forward.

“The industry is changing. We’re starting to see a lot more collaboration across sectors. We want to get people used to collaboration and getting out of their comfort zones.”

Tom_Warden's picture

I would fully expect the Gaming Industry to avoid recession even if other sectors of the country (and global economy) are heading this way. In previous recessions Joe Public has always continued its spending pattern on entertainment un hindered. My only worry for the industry would be that even more people may be tempted to buy pre-owned games meaning that less cash is flowing back to developers.