The turnover of the Spanish video game grows by 16%

The Spanish video game market is going through a good and bad moment at the same time. This is how the situation in which the industry is currently can be defined. The turnover in 2017 grew around 16% compared to the previous year. Something that is undoubtedly positive news, since the 740 million euros were reached. But at the same time 30 companies have been closed.

The turnover of the Spanish video game grows by 16%

These closings leave the total number of companies in the sector at 450. In addition, there are 90 other companies that are incorporated but have no economic activity. To make matters worse, no changes are expected as far as companies are concerned. So many companies in the Spanish video game sector are still in trouble.

Lights and shadows for the Spanish video game

Financing remains a huge problem for companies. Therefore, measures are announced to help them in this regard. Plans aimed at small and medium-sized companies in the sector. The Government has hardly contributed with aid to this sector. Furthermore, it can be seen that many of the companies in the Spanish videogame sector are very new, inexperienced and without access to financing.

But, in the creative aspect there is a moment of splendor. A total contrast with the previous image. At the Game Awards, the Madrid studio Mercury Steam has won awards thanks to Metroid Samus returns. The Tequila Works studio is also having a good time with games like RiME, The sexy brutale and The invisible hours. They have also obtained international recognition. Another company experiencing a good moment is Social Point, which sold 250 million euros to Take Two, an American giant in the video game sector.

So the situation is full of contrasts in the sector. While sales, billing, and awards go very well. We see that companies go through complicated situations, forcing many of them to close the doors.

El País Fountain