tech

December 22, 2025

State of play: who holds the power in the video games industry in 2025?

This year has brought us many brilliant video games – but as wealth continues to concentrate, and games are used to exert economic and political influence, we need to keep an eye on the top players

State of play: who holds the power in the video games industry in 2025?

TL;DR

  • Small-scale games like Clair Obscur: Expedition 33 and Hollow Knight: Silksong achieved significant success, highlighting that high-quality games don't require massive budgets.
  • The Nintendo Switch 2 was released and well-received, revitalizing enthusiasm for gaming despite external economic pressures.
  • The industry faced a 'reckoning' with late-capitalist forces, leading to over 5,000 job losses and the closure of studios like Monolith Productions.
  • AI disruption increased, with companies pushing AI technologies and facing pushback from workers.
  • Video game worker unions gained prominence, with new formations like the United Videogame Workers in the US and Canada and increased visibility for the UK's IWGB Game Workers Union.
  • Industry consolidation continued, notably with Saudi Arabia's PIF making large investments in companies like EA and Niantic.
  • The intersection of games with politics became more apparent, with political figures and movements utilizing game imagery and themes.
  • The author acknowledges their own left-leaning, inclusive perspective, informed by skepticism of corporate power, as a journalist for The Guardian.

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