r/gaming • u/CiabattaKatsuie Console • Oct 01 '24

The games industry is undergoing a 'generational change,' says Epic CEO Tim Sweeney: 'A lot of games are released with high budgets, and they're not selling'

https://www.pcgamer.com/gaming-industry/the-games-industry-is-undergoing-a-generational-change-says-epic-ceo-tim-sweeney-a-lot-of-games-are-released-with-high-budgets-and-theyre-not-selling/

Tim Sweeney apparently thinks big budget games fail because... They aren't social enough? I personally feel that this is BS, but what do you guys think? Is there a trend to support his comments?

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u/BrassUnicorn87 Oct 02 '24

The stock market is the ruination of everything and the death of mankind.

18

u/Certain-Business-472 Oct 02 '24

But for a brief moment in time, stonks went up

3

u/gofishx Oct 02 '24

Jack Welch is the guy who basically invented the mass layoff and started the trend of the finance bro CEO who doesn't actually know anything other than how to make stock prices go up. This is how many companies operate nowadays. The final product or service doesn't matter at all, the only thing thar matters is share price. This will absolutely be our downfall.

3

u/HNixon Oct 02 '24

That and private equity.

2

u/Flamingo-Sini Oct 02 '24

So say we all!

0

u/th3davinci Oct 02 '24

It's not necessarily the stock market as a concept, the big problem right now is that the "fidiciary duty" that the CEO has to the shareholders, which really just means to "take care of your investment in a way that brings you value" has been malformed into "profits need to grow every quarter" which is where all the endless growth in a finite world memes come from. It fucking sucks.

3

u/Thurwell Oct 02 '24

I think another problem is everything being a growth stock indefinitely. Stocks are supposed to pay dividends to investors, IE sharing company profits with the company owners. Utilities, for example, still pay dividends because no one thinks the power company can find 10% more customers every year. And they're pretty popular with investors looking for income. Not every company should be a growth company indefinitely, you can have a stable company that stays the same size and pays out a dividend instead of constantly trying to grow.

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u/BrassUnicorn87 Oct 02 '24

The same model as cancer cells, pursuing constant growth that does nothing to support the body and actively harms it until the patient/company dies.

1

u/DadamGames Oct 02 '24

A way to fix it is to legislate a similar level of responsibility to employees, customers, and communities. Make the C-Suite actually balance priorities and earn their keep instead of just convincing people their company is more valuable than it is.