WE. ARE. F***ED.

[@RGT85]

When it comes crashing down and it hurts inside. You gotta take a stand it don't help to hide.

[@jackxthexreaper736]

Sometimes it helps to hide until you're ready to take that stand...

[@Xalvador83]

Sean is a real american. Fight for the right of every man.

[@AdamSMessinger]

🎶And you get the urge to quote the theme of a racist guy🎶

[@slingshotdon]

RGTENDO 85 we blame you got them sacked

[@Under_Sky_Third_Gaia]

​@@AdamSMessinger Brother!

[@PizzaCat4yhwh]

I'm done with AAA gaming. I'll stick with older games and Indies.

[@Lightsaglowllc]

AA gaming is where it’s at. Some many awesome games out right now for 40 bucks or less.

[@GamingWithSpoons]

That's where I'm at this point.

[@Futura2500]

i find AAA games are too agenda driven, rather than being a good game

[@fabiantalton6888]

@@Futura2500it’s controlled by the Beast… the ruler of this world sucks and It’s time to get off this planet. I been done with AAA games.

[@MrG_wasTaken]

Indie for me. And i used to be anti indie.

[@perfectlyslicedegg3348]

Sonic 2 on Megadrive cost around $200,000 to make in 1992. Games are now costing $300 Million to make. The issue is the heavily inflated budgets of the projects. If you need to sell 7 Million copies just to break even. *Thats The Problem!*

[@truthseekersthenewomega97]

They actually think that spending more is going to net them more income😂 That's the real problem they think there games are GTA and red dead level...

[@tomgu2285]

Ff7 literally cost over 200 Mio....

[@truthseekersthenewomega97]

@@tomgu2285 true, however the difference between Final Fantasy & Other games Is The Fact That Final Fantasy, Has A Cult Base Following Meaning People Will By It Religiously... Same With Resident Evil, & Games on That Nature... Plus Final Fantasy is a Game with Thousands of Hours Of GamePlay, We Are Getting Our Bang For Bucks Here, Where As Most Games Once You Finish Story Mode It's Done!!! Look at Spider Man 2 ... The Game Gets Stale As Soon As One Is Done With Story Mode, Yes There Are Side Quest And DLC coming out but if you already done all the side quests and suit upgrades all you are left with is swinging through the City in a nice Suit, Which gets Boring after a while ...

[@gitjeg3655]

Technically there are no issues. Many are saying the companies are greedy, but humans in general are greedy. The company needs to make money to pay workers, rent, taxes and what not. Many companies are simply trying to please us gamers, especially the ones with big platforms only talking about how beautiful and well detailed the graphics are.. that's what makes the production so expensive and many think they will pay the bare minimum and expect to have it all.. reality check, folks. Further more people are never going to be pleased anyways. We always forget that the main point of a game or any game for that matter is to have fun.. if the industry dies, other forms of entertainment will rise.. just like it's been for ages.

[@oo--7714]

Wild how Palworld costed 6 million to develop and it’s an early access title.

[@sonicheroxd5767]

Nintendo is living proof that not EVERY major video game NEEDS to have these bloated $40-100 million budgets. Nintendo always make stuff more on the cheaper side and still are able to make a huge profit.

[@elmasheavy89]

The problem is not just inflation, the problem is that all these companies are getting too greedy. They want to create huge games with all sorts of microtransactions,battle passes and DLCs.

[@awmetoo1]

Ok I get ur point but ur point proves the effects of litrally why companies do it in the first place. Like hmm u wonder why they are doing microtransactions, dlc, etc.? maybe because game budgets for prolly games you want are too damn high and single player games don't really recoup cost. I feel you bro but your argument is loki why we are in the position in the industry we are in rn.

[@awmetoo1]

ur point would work toward more why gaming is not the same or sum like that

[@SWOTHDRA]

Instead of games they wanna make casinos

[@Ajayen--]

This is correct, majority of cost is live service servers and maintenance, and consistent monitoring of the game and servers, if this was eliminated along with the "always online" aspect then "cost" would be cut dramatically.

[@Woobuggy848]

That is where the point that game companies need help... lot's of it. Might as well stick with Indies and select 3 party titles.

[@cleatusvandamme716]

Every RGT video: "Ok this one is going to piss people off" No one: Pissed off

[@jsan2548]

Except the people who inevitably show up in the comments to gripe about Switch 2 rumors even if the elusive console is never mentioned.

[@Gamingwithgleez]

Oh you did the thing but reversed

[@INFERNO95]

Sony fans are pissed off.

[@noonehere8533]

😳​@@jsan2548

[@Gravitino900]

Seems like you are.

[@Peaceful_Zen_Life]

We need a video game industry remake!

[@Hetkanookanders]

We need a video game industry remaster!

[@alexanderarce3341]

Bring back SEGA as a console maker

[@Peaceful_Zen_Life]

@@alexanderarce3341 I want a system that allows you to play games from Xbox, PlayStation and Nintendo all in one system!

[@zwillscoopchannel9689]

@@alexanderarce3341I think it’s to late for that they’ve been third party to long

[@Woobuggy848]

I guess all this means indies can finally rise and be recognized.

[@Spined1234]

Maybe if these studios didn't spend billions of dollars trying to make every blade of grass look as realistic as possible there wouldn't be this crash.

[@violetfem1808]

Thank you, we do have to blame the graphics realists for a little of this and how long games are taking to release.

[@martincarnahan381]

Video games are just like any business. They have to constantly innovate and improve to stay in business. You can't do the same ole same ole forever and expect to survive.

[@PaulGaleNetwork]

Nintendo really put themselves in a good position. Their audience enjoys quite a variety of the types of titles they put out. From the grand experiences such as a once every several year Zelda game to something that costs less to make and can come out in quicker succession, such as a Mario Party. Here’s hoping for continued success with NS2.

[@mrconroy4672]

@RAM_845relatively true, i don’t really see the appeal when you can easily do more on your pc.

[@itsdemetri4282]

​@RAM_845 but people shouldn't be stealing switch games when the console isn't discontinued makes no sense emulating them that's just jerk level behavior especially how everyone says their games are for babies i'm all for preservation of older games but this is absurd.

[@joshalan5125]

I will say this: I'm betting that AAA devs could save a lot of money on the overall cost if they simply cut Sweet Baby Inc and other middle men out of the production entirely.

[@Dark-Glaive]

Stink Baby Inc.

[@c0ya1]

this.

[@yesiamsharon]

Amen

[@SWOTHDRA]

Exactly , but they wont because they want that DEI, money for their ESG score

[@TheSpeedfoever]

We need sweet baby inc though it's great

[@przemeksz8203]

it can crush my backlog is so large i will die from old age before i complete all those games

[@SWOTHDRA]

Same

[@Thollis1987]

Me too

[@MikeRavia-xp5ig]

Crash maybe? Yes I'll be playing my back log for 40 years.

[@fercuscuelalopez9454]

I feel it too… it’s like the industry is doing everything they need to do in order to implode

[@violetfem1808]

To me it's like once a few made a big move, they all decided to break with their moves - like ripping a bandaid off so it makes less waves or less angry players?

[@vampr20ranger]

no its mainly rich ceo's. i remember a story of activation getting 21% revenue increase and to reward the workers they laid off 8% of the staff to further enhance the number for share holders. so no its literally just because of greed. btu it is everywhere and your right bout the games and companies. infinite growth is definitely what they all want and its just not possible.

[@xion5514]

Exactly. RGT is cool but he clearly shouldn’t be speaking on these topics if he can’t do the research to back up his claims

[@lycanwarrior2137]

In a Central Banking system with ever increasing inflation, growth is required unfortunately.

[@Shigarui]

That's ridiculous. If you had a CEO making $10 million, and the average salary of a programmer was $100k, that CEO could save 100 jobs by quitting. Except that there's only a handful of people that have the experience, the skills, and are willing to sacrifice their every waking hour to fill those positions and there are a hundred thousand programmers graduating in May. You'd still lose 1900 staff plus a CEO. And those people are not even making $10mil, so you'd save even less. Instead of blaming them for firing 2000 people, be grateful they saved the 8000 that are left, because the alternative could be zero employees.

[@vampr20ranger]

@@Shigaruilol yea no that literally not how it works. he didnt save anyone. in fact there was a ceo that took a pay cut to save his staff. that was in japan. but no it wasnt to save staff in the scenario i pointed out. it was to please share holders. it had everything to do with the idea of money over ppl. they didn't have to fire anyone. ceos make millions while the staff struggle just to get food. when you actually look into how its all done in most companies and the game industry its pretty terrible how ppl are treated when it comes to this idea of infinite growth and throwing ppl away so casually. most CEO's dont do nearly as much work as ppl give them credit for its ridiculous. they got the spot due to favoritism usually and exploit the ppl under them to an extreme while paying as little as possible. but not everyone actually studies it or looks into it and buys the lies that's spread around.

[@dunfeeja1]

"Inflation seems to constantly be rising." Spoken like the genius that RGT is.

[@DavidLopez-ln2ch]

When the video game industry crash, it’s going to effect the majority of the AAA market except for FromSoftware and Nintendo. The Indie market is going to be just fine.

[@alexvillarreal6289]

I be sold my ps4 and the money i saved for a ps5 i invested on a sound system,im staying with Nintendo they put great games and they are reliable

[@ssjgotenks2009]

the vidoe game indusitry is nto gonig to crahs keep dreaming if you think we gonig lose all but idnien carp not going happen

[@tyraelhermosa]

I’d also say the cost of living has been rising and customers are less willing to shell out for just anything.

[@Roger-fs5yo]

Nintendos next console will save the industry yet again, just like they did in the 80's😎

[@Roger-fs5yo]

​@@Fondoofus5542ye of little faith. You will pay for your lack of enthusiasm👊

[@Roger-fs5yo]

@Fondoofus5542 oh I was just messing around man🤣

[@realgamer3948]

Nintendo's the only company that hasn't layoff their developers. They're the only hope to save the industry

[@dmore4399]

@@Fondoofus5542the copium is real 💀

[@gametourny4ever627]

Nintendo is the only one who hasn’t tried to keep pushing the tech as far as it will go and makes hardware from older tech which then can support it with good games at prices people will still pay to get it. That is why they do well and remain profitable. Why push the limit when great games can still be created with lesser hardware.

[@10k-Noodles]

I think Nintendo due to covid ended up dragging a lot more people into their ecosystem. Of the 140 million Switch units, they have over 100 million accounts that are still actively playing and they’re likely releasing a budget option for modern gaming with Switch 2. I think they’re in a great spot. Sony and Microsoft, not so much.

[@alexh7513]

Sony has a lot of good exklusive games. So i think that sony is also save. But it doesn't look good for microsoft.

[@Adamtendo_player_1]

@@alexh7513Sony doesn’t have many exclusives keep dreaming. Sony are in trouble and the only way to get out of it for them is to return to the glory days of the PS2 in their marketing and game development but it’s probably too late for Sony who will probably be bankrupt in 2-3 years, 10 years max.

[@nokingo10098]

​@@Adamtendo_player_1Nintendo fan boy

[@AnthonyDark]

Nintendo are the current richest company in Japan.

[@Nicomanism]

​@@alexh7513 Like the other guy says, Sony doesn't have many exclusives. Same with Microsoft's Xbox series' consoles. For Microsoft, their only way to get back their audience "trust" is to go back to the OG Xbox / early Xbox 360 days by delivering games with full content. For Sony, same thing, go back to the glory days of PS2 by focusing on games with full content, gameplay. Nintendo has been doing alright in terms of the sales of Switch; and so far, Nintendo are pretty alright with how they are doing during this generation. This is someone who games on PC.

[@xion5514]

When the companies laying off people are also reporting record profits, uhh yeah, the main reason is greed

[@jameshsu1743]

what if the rate of inflation in dev cost is higher than the profit growth? You give each of employees a raise to keep up with just inflation and companies will go red really quick. When they report profits, the net profit isn't really talked about.

[@Lightsaglowllc]

Not Sony. Their margin was 6% last year. That’s dangerous.

[@jimmyv3170]

Well they're losing money now. Embracer lost out on the Saudi blood money deal, Sony has wasted $100s of millions of dollars on cancelled live service games and their sequels to their 1st party games sold worse than the first games. Microsoft only made money because they bought Activision and King. Give it time under Phil Spencer's leadership and Xbox we'll be back to losing them money again.

[@DS9TREK]

As others said, their profits are dicey. If you made 6% profit this year and inflation is 7%, next year you automatically make a loss of 1%, unless you cut costs or raise prices

[@6O8gamer07]

"Record profits" is something that's said without context almost every single time. Just because a company made record profits doesn't mean they're not in the red. It's like if I told you I got a 200% raise. You'd think that's dope right? But what if I was only making $1. 200% doesn't sound so big now does it? Context is always needed.

[@abarration5907]

The problem with short term gains over long term costs.... is the 'industry standard' isnt working. AAA games with quality have a 4-5 year development cycle costing hundreds of millions to make due to massive studios and a ton of employees. Companies need to be more efficient with what they have. Games need to be better, smaller, self contained with less predatory transactions included. Instead of massuve games with a bunch of genres mashed togethor poorly, they need to be better focused with smaller specialized studios. The way things are going is AI is going to be used to fill gaps. Which will result in more recycled fill in the blank repetitive content.

[@Packers1919]

Oh so 300 million dollar AAA video games aren’t sustainable? You don’t say.

[@1992TheDiamondWolf]

Well when force Identity Politics that no body want in video games then I glad Sony/Microsoft going bankrupt maybe they learned not force Left-wing agenda down people throat

[@Stanjara]

Actually they are... they sell around 10mill units... times $70... that's $700 mill. Elden Ring? 23 mill sold. Good games sell... bad ones...flop.

[@MarkPriest-v6u]

​@@Stanjarayour not including half of that 70 bucks per game goes to stores. And your leaving out another 100 million in ww advertising.

[@shawnclark7325]

Been following your channel for awhile. Just wanted to say I really enjoy your content. This episode was one of my favorite ones. Thanks

[@anthonydrage3153]

If people don't have the cash to spend on games, cars ,houses etc things will crash I'm from the UK and things are hard and getting harder

[@PM-xc8oo]

I feel like we are already well into a crash, it just isn't quite as dramatic and "overnight" as the one that happened in 1982. This is more of a slow motion train wreck type crash.

[@alexh7513]

I don't think it's a crash. It's more like a change. Mobile Gaming increase every year and single story games are more important than ever. Also the indi gaming industry is at a good spot. Handheld gaming also got a huge improvement with the steamdeck, rog ally and the switch 2 on the way. The VR industry also got a big improvement with the quest 3.

[@jacksonlanterns3731]

Nah, I say let it happen. Gaming isn't going anywhere. Just the toxicity.

[@jacksonlanterns3731]

Devs need to figure it out, or GTFO. And by it, I mean just the basic concept of gaming.

[@SWOTHDRA]

Yup

[@jakesteel2423]

They need a big crash to rebuild. The live service and 500m single player games aren't gonna last.

[@raemogaming8649]

Almost every industry …

[@BoundaryBreak]

01:17:58 - I played it front to back in 2022 and id say not really. the enemy variety is very low and also requires specific party members to defeat which in one sense makes sense of the active party member swithcing system but in another it makes things tiresome and repetative. The story doesnt hold up as well as some people think. Love scenes are totally unearned by modern standards and the voice direction is awkward by todays standards as well. The environments are still very nice. The combat is involved which was cool at times like for bosses. And Auron is still a great side character. Actually one thing i will say is I like that for how different the characters are. There is a decent sense of real comradery amongst the cast. But my overall thoughts: Final Fantasy 9 is the game I noticed you guys not talk about that deserves a visit if you havnt already.

[@NorfolkNEXX]

I think the biggest problem is because developers are to busy trying to come up with the best new tech instead of using what they have responsibly. Players are always saying that they prefer better gameplay not better graphics. Part of this is because reviewers are always bitching about how some games don't look good enough or look similar to other games. I think the idea of AAA games need to change, I think we need to decide what is AAA by the overall experience of the game not just how much money is dropped into the graphics to make every hair move independently. Some of the best games made are not the best graphically, but people go back to play them again and again because they were fun.

[@AnalogX64]

The 1983 video game crash resulted from oversaturation of consoles, the rise of home computers, and poor-quality games like E.T. for the Atari 2600. In contrast, the 2024 downturn is marked by supply chain disruptions, rising development costs, and growing competition from mobile and cloud gaming. While the '80s crash led to a creative resurgence, the current challenges require innovative solutions to sustain the industry’s growth.

[@TakeitEasy64HD]

Obviously it’s multiple factors, but to say that this isn’t mostly on the executives is flat out wrong. The fact of the matter is that games have gotten to big and to expensive to make. Every studio wants the next Fortnite, and they’re willing to spend 100’s of millions of dollars to get it. We’ve never seen games with these type of budgets fail this consistently. Not every game has to be enormous, or cost an exorbitant amount of money. These executives have been playing monopoly, and now it’s coming back to bite the whole industry.

[@lastking3185]

Your crazy if you don't think the devs are jumping on the trend train as well.

[@SuperDesperationMove]

AI is here mass layoffs

[@lightdarksoul2097]

It wasn't Ai since the games worked on were just cancelled right out

[@chrisburrows9021]

When the current gen consoles cost too much to make, you hold back. When games cost 300 million to make, the industry isn't ready. They jumped to this gen when they weren't ready and at the wrong time. Yeah its nice having quick load times....but at the cost of the industry its no good

[@ni55an86]

US has been in a recession since 2021. Printing Monopoly money only helps suppress the symptoms for a bit. Right on the money RGT.

[@lycanwarrior2137]

Yeah, the whole Central Banking/fractional reserve lending system is a massive scam and Ponzi scheme.

[@Adamchevy]

I'm really happy with where gaming is currently. It will just remake itself into a beautiful new remaster that we all have nostalgia for.

[@BoundaryBreak]

Amazing story. Thank you so much for sharing!

[@inamorta47-playertwist]

Sony has laid off many employees on Japan and closed its Japanese Studio. I know the law is required but Sony did not even resorted to CEOs. YALL KEEP OVERLOOKING SONY

[@SEEshadow]

It can't be inflation when companies are posting record profits.

[@xion5514]

Yep

[@elmasheavy89]

We need quality over quantity

[@Shxdow_x]

Just wait until AI comes along and just programs your new games.

[@charlescarnage]

Sure, covid was good for videogame industry sales at the time. But tons of projects ended up getting cancelled or prolonged development. So overall i still think it was extremely detrimental. And yes you are right rgt, ppl freak tf out when some folks get laid off in the industry but nobody gives af when tons of auto workers get laid off. Its weird.

[@gangwu4541]

You know something is seriously wrong in gaming industry when they remake 2 TLOU games in a row while pretending that Bloodborne is not exist.

[@seedofwonder]

Layoffs are not a sign of the end; canceled games are a sign of the end. We are in the late but not end stages. Layoffs of devs is a sign that companies are going to significantly increase their use of AI to make games. They will suck. That's what will kill it in maybe another generation or so.

[@jimmyju76]

games that were suppose to be "the next big thing" as well, so many have failed big time

[@aftereight9143]

Games already suck so bad they might as well be AI generated

[@Alien_isolationist]

This Doom & gloom only comes after the drought is over. FF7 is out. Stellar Blade is coming in April. Outlaws, MGS3, Phantom Blade demo & Silent Hill 2 coming this year. Terminator Survivors coming out. Things are getting better. A few eggs being cracked in the process of making a cake is fine

[@underachiever47]

I blame the agenda pushing and wokeness that's been going on in the western side of development for games...also the out of no where and no reason price hike. No reason the same game on PS4 is 10 dollars cheaper than the PS5 version just because of a generation difference especially for the same game lmao

[@douglasbrzeski668]

Nintendo was really smart to stay a step behind with tech this time around. They aren't feeling the same hurt xbox and Sony are this time around. They will survive this. They survived the last crash.

[@hardkoregamer1981]

It's all the ignorant customers who give them money still and ignorantly defend them who are at fault as well.

[@SuperDuperGamimg]

Nobody ever shows an outpouring of rage and sadness over Dave getting layed off at my local ASDA store! Justice for Dave!

[@tysonliphard6942]

I agree JUSTICE FOR DAVE!

[@FalconStrikeGames]

GODDAMNIT, LETS GET DAVID BACK ON HIS FEET! Quick question, does Dave have 1 foot or 2 feet?

[@GamingWithSpoons]

Yeah what a about Dave.

[@SuperDuperGamimg]

@@FalconStrikeGames 1 foot Dave they call him, i feel like he was discriminated against for not having 2 feet.

[@tysonliphard6942]

If I knew Dave was limb deficient before this has me so upset right now. We need to start a go fund me for Dave so he can get his second foot back. JUSTICE FOR DAVE!

[@scraggles292]

It's hard to admit, but I think it's the fact that there's a recession that no one can admit is going on sucks to admit, but that's how it is.

[@craigmnelson86]

I've been seeing people get laid off every week in multiple industries since October 2022. I've never seen so many people lose their job

[@vulcanvulcan2963]

I recently got laid off as a software dev. I reached out to all the people I know in the field and they all told me their companies aren’t hiring and are actually laying people off too. Scary times.

[@Mobik_]

@@vulcanvulcan2963 software dev here as well. I almost got layoff in 2022 but I was saved (I was changed to another product last minute). Few months ago we got tons of layoffs again and they're not hiring anyone, at least not this year.

[@krisiluttinen]

That is the idea of the orchestrated great reset, pricing everyone out of existence and reducing wealth of people to 0. Then comes the solution. Universal basic income.

[@johnphillips1242]

Big Tech, streaming, tech journalism, and Hollywood studios have done some major layoffs too. It's hitting everywhere. They all grew exponentially during COVID. Until the economy recovers, this is how it will be I think.

[@crashchannel_2787]

On the basis of these inflation forecasts, average consumer price inflation should be 2.8% in 2024 and 1.8% in 2025, compared to 4.06% in 2023 and 9.59% in 2022. The inflation rate is decreasing but reports are showing profit rates for companies continue to increase. In other words the inflated price should decrease but they're not bc companies are making profit of the new higher prices. This is why ppl blame CEOs and such for having mansions and all that, the workers are getting paid the same, the customers are paying the same high prices but the tippy top is getting richer. If there's a crash, those at the top will not suffer. Consumers will be hurt from lack of product and workers lack of work. This will cause a demand and something new will take off and those rich guys will be waiting with all their money to jump on the next opportunity to take over again.

[@fondofpeace]

Well said.

[@michaelbosch9024]

these companies aren't just competing with the current gen, they are competing with the all time greats/good games from the past too.

[@Fraederichs]

Thanks!

[@RGT85]

Thank you!

[@GhostSaucer42]

"They're pretending the economy doesn't exist." Bullseye. I've been waiting for someone such as Spawnwave and others to say so. Thanks for saying what is real.

[@eddy5097]

If u want to save money wait a few years to play your games and get them on discount simple as that

[@SavageJesterGames]

I am in the process of becoming a 3D arts graphics designer and watching your channel has been super informal. Thanks for the upload!

[@Gamingwithgleez]

Because they make trash games with cash grabs. Great games sell. Trash, cash grabs that don't respect the audience die and die fast. Companies will either learn and change or they will close and better companies will take their place. The audience is only growing, its the products that are to blame.

[@samfarabee2963]

You know ... some people might think this is a hot take. But you've been a gamer and a person who has been professionally covering gaming for a while now ... Your take isn't that far off of what most of us have been feeling. You just have the guts to say it and the ability to express it efficiently.

[@pt87153]

The whole world is imploding right now. Even fast food.

[@BigMikeLewis]

I'm done with new games. Classics only now.

[@TheUltimateSEGAman]

I feel if things don't change soon our industry is going to slowly die and fade away.

[@andrew8168]

Everything invaded by activists dies. Look at comics. Look at marvel. Nerd culture is a target. Japan is our only hope but Square and Crapcom are more than willing to play along.

[@darrendyson8347]

​@@andrew8168I think comics and video games will survive more than the corrupt folks in Hollywood. I predict video games will eventually take movies place that's what will keep them afloat entertainment and playability-wise.

[@TheUltimateSEGAman]

@@andrew8168 I remember all anti Videogame sentiments that went on in the 90's and after they hit their apex after the Columbine massacre because they blamed games like doom and duke nukem instead of looking at the psychological and sociological factors. No instead they want to use the things we most cherish as scapegoats. Be it video games movies music any art form is subjected to it. Now it's even worse because the industry is being killed not by concerned mothers but buerocrats that care next to nothing about the industry unless it can line their pockets.

[@karnagefails333]

​@@andrew8168 Bingo. Someone gets it. 🎯

[@seraph741]

Nah, it's mainly greed. There's a reason the term "greedflation" is being used this time around. That's the main reason prices are going up. It'll normalize eventually, but it will be painful (layoffs). Eventually the companies will realize their profit margin needs to be cut in order to survive because consumers won't be willing to pay anymore.

[@catch9522]

They're laying them off because either you have this stupid Woke ideology or you're gone and you can't say that or they'll come after you but we know what's happening. All of those great people being laid off need to just form a company of their own and make the greatest indie games of all time. It needs to be about making great games not ideology.

[@Cloudiroth123]

Yep, it was bad liberal polices, government spending, and stimulus bills that hurt us the most. If we had just rode it out things would have improved. Now we have constant inflation, wages that’ll go up, then prices will go up to match. California in April will be raising the minimum wage of fast food workers to $20/hr. That’s gonna hurt the economy more than some people realize. The prices are already going up before that bill Newsom signed goes into effect. I’ve seen numerous videos of people complaining what McDonald’s fast food costs now. You get what you vote for.

[@catch9522]

@@Cloudiroth123 My god they're going to destroy the fast food industry. Well maybe that'll be a good thing health wise for people. I surely won't be going and spending $20 for a burger, fries and a drink probably about what it'll cost

[@Hexenkind1]

Not WE, THEY are fucked because they getting layed off. We are just consumers.

[@brammerhammer23]

Nintendo seems to be the only company that isnt being affected by these layoffs. They must be doing something right.

[@JJ-fb4ud]

We will see a lot more dev's go Indy & get away from AAA

[@mysticpunk1]

It’s the economy man I don’t know about everyone else but for me I can’t afford to buy games right now and I’ve played games my whole life. I would love to buy a bunch of games right now I just don’t have the money.

[@matcam89]

Games like Robocop seem to do well, big publishers can focus on single player experiences like that and release paid dlc for it

[@Gigan75pcp]

Still wondering how people defend the modern-day gaming industry (convenience is not a valid reason to support this corporate slop).

[@b.o.4492]

The crash is coming you’re right.

[@darrendyson8347]

What could a crash mean though?? Like what happens then? No more video games in general or just one or two companies will be left?

[@ArturoFormariz]

@@darrendyson8347 Like RGT85 said, "It's gonna be a slow restart for companies"

[@suroguner]

The way I see it. Nintendo survives, but Xbox and playstation do not. Both hd brands are already showing weakness through over reliance on subscription services and 3rd parties.

[@Qbasz007]

Good

[@gamingguru1807]

I watched your video with an open mind and no pre-conceived notions. You make some great points and will be interesting to see how everything pans out. Prepare for the worst, hope for the best! A reset is a bittersweet "thing". It is more of a needed "wound" for the industry to keep it alive!

[@mr_m4613]

Animal crossing new horizons would have did big numbers regardless, it really would've have needed the pandemic. It sold 14 million on the 3DS without a pandemic and more competition.

[@scooter_b123]

Exactly right. Some youtubers don't seem to understand this aspect. I'm glad there are some that still do. Thank you.

[@Hazemann]

If support 1 console already so costly, how can both Playstation & Xbox support 2 consoles (tv & handheld/hybrid console) ? To support 2 consoles it's need more money, adding more to cost

[@littleakibagames]

The game industry isn't screwed, AAA is screwed, and it's long overdue. Hopefully everyone who lost their jobs lands on their feet, ideally with smaller devs that actually know how to manage budgets and development cycles.

[@DaakkuuYRS]

I wish I could give you more than one like, because you spoke 100% true. You are completely right.

[@dhay03]

Support indies. They are the future

[@SOUNDWAVEMAN]

Oh you meant video games. I thought maybe the dangers of AI, Diseases, tanking Western economy (although you did mention the economy) or maybe you meant the ongoing wars. No I guess you meant video games. To be honest your title of this video is true for all of the human race not just video games!

[@TaeKwonMoe]

Iwata and Kaz took pay cuts, I believe with other execs following, back in the day. I think it would be a nice gesture to say the least if they could continue doing just that. Not saying it would save all jobs but could save some and also show that "we are all in this together" instead of "thoughts and prayers."

[@michaelpatrick8347]

This is why I’ve gone crazy with Switch game collecting AND find awesome emulators that aren’t PC but user friendly for idiots like me

[@I_Wrestled_A_Jedi]

Meanwhile Nintendo is absolutely thriving. They sit on finished games for years because they just can.

[@michaelmorgan7754]

I appreciate your input, I was one of those Bank employees let go before Christmas. Keep your fingers crossed 🤞 that people like me and all the others find stable jobs. I enjoy watching your videos keep up the smart content. 😊

[@jckorn9148]

I think most agree GTAVI is set to be the biggest greatest game ever released...... Because Rockstar will have to close it's doors if it isn't. That is what's at stake with that game....not comforting. Red Dead 2 sold less than GTAV in the same time frame. ....GTAVI has a very low chance of not delivering...but it's not zero.

[@PillsburyNinjaKneadingJustice]

Income capping CEO's regardless of the company income would probably do wonders for the industry, based on location as well of course

[@Saiorus]

BY FAR THE ABSOLUTE BEST VIDEO ON THIS TOPIC, HANDS DOWN!!! THIS is exactly what I've been telling folks just what you said, here, for months on end. The ENTIRE ENTERTAINMENT INDUSTRY AS A WHOLE IS and HAS BEEN getting hit like this because of this second reeling back from Covid. That exponential well of a financial surplus the entertainment industry saw, due to the pandemic, has dried up and there was most definitely a bit of complacency seen to be had on these companies part's, for NOT properly preparing for when this time was going to inevitably come as well... but I digress this is part two to the ramifications of the pandemic. The funds the entertainment industry thought they would/were going to receive from their projected financial forecast DIDN'T quite account for everything in their plans. People really need to look at EVERYTHING in it's totality to FULLY grasp the effects that the pandemic is STILL actually having and here's just a little food for thought. Just look at the vast increase of how many MORE WELL KNOWN actors/actress, since the pandemic, have openly and willingly jumped on to voice acting train. Why because if such a pandemic was to ever take place again, that's easy at home work they can do so ever since then, they've been bolstering the voice acting portions of their resumes. Them being well known actors/actress, they most definitely won't come for a cheap price and that's how their agents will and have been selling them. Hence the whole entire reason for the use of AI voices and the fighting still going on because of it's use. Inflation at a crazy high STILL, EVERYWHERE, so these companies are paying MORE than their original financial forecasting from the pandemic and they CAN'T keep up with the lofty ambitions which that pandemic surplus clouded their judgment to believe was overall ideally ascertainable and sustainable. We as well as them have been seeing, for awhile now, that (unfortunately) is not in the cards for them. That's why all this talk of a PS6 and a new Xbox console is hogwash in my opinion because those of us who've been gaming for a long time have already seen the likelihood of gens like this. The most recent times was gen 7 and 8 and this gen is probably, more than likely, going to be just about as long as the 8th was due financial hardships like the 7th saw. Let's all be really honest here, this 9th gen of gaming HASN'T actually even taking off yet like that for those two consoles... Nintendo is marching to the beat of their own drum so when they feel their for what's to come next we'll see it. As such they seem better prepared than PS & Xbox because with all these studio closures and employee lay offs, I HIGHLY DOUBT EITHER OF THOSE TWO are even close to being ready for even planning out games for their next gen consoles.

[@saltygravy86]

Losing hope and interest in modern games.

[@seasorb]

The Games Industry is mirroring what has been going on in the film industry. HUGE productions, which largely rely on existing franchises. Huges amounts of money. That in combination with huge amounts of money being soent on pursuing Live Service Games which invariably fail. You also need to look beyond the USA .

[@Volsberry]

Those 2 things aren’t lining up right now! Vote to put your country and family first. Love this channel, God Bless

[@Bess2k2]

Totally agree, a reset is needed but will the gamers go for it? More than likely the internet will complain the minute a game doesn’t have AAA voice acting or if each strand of hair on a character doesn’t move independently.

[@Adamtendo_player_1]

People continue to ignore the fact that Nintendo is the only one not laying off staff, Sony, EA and Microsoft should look at Nintendo’s as an example of how to run a video game company who runs their company responsibly, the age of the AAA game is over, Sony, EA,etc needs to realise that Nintendo has the right idea, yeah the entitled and spoiled gamers don’t want to hear this due to their disdain about the Switch hardware but it’s true. This looks like a job for Nintendo to save the industry yet again.

[@EddwardScissorhands]

RGT a man of the people! We’ll get through all this together 🍻

[@jakesteel2423]

Companies need to set reasonable budgets for these games. Spend 50m then even if it flops you dont lost a fortune. Go back to the 15 hour games that are good, we dont need 100 endless games with passes and hundreds of hours of gameplay. The live service model is saturated and spiderman isnt good enough game to affort half a billion dollars of budget.

[@GamingWithSpoons]

8:31 so true. Everyone likes to talk about "crunch" in the video game industry but nobody wants to talk about the factory workers who are also getting hours of crunch.

[@henryaguilar6633]

Love the point u made about iwata taking the pay cut, very true.

[@wwabbd1987]

DEI and Bidenomics have made games better not worse. Things are more expensive because they are better. Not getting political just spitting facts. 😂😊

[@wildel521]

RGT dropping the truth! I love how authentic our boy keeps it 💯

[@krazyd0nut404]

Too many crap being release that I just ignore. Skull bones, suicidal squad, foam star. Wait they are part time job gaas games that people are sick of.

[@Chaoitcme]

In the not too distant future AI is going to take over a lot of video game jobs.

[@user-qy2wf2lt6v]

Companies overhired like crazy. For whatever reason they thought that having their market evaluation jumping 20-30-50% during the pandemic, was going to keep on going. Now the fun is over. I mean - if a company hired 5000 people in the ti span they would usually hire 1500, thrm only firing in the hundreds is like a small miracle. Sucks to be caught in the storm, since most companies just cut off entire teams and departments...

[@donaldsmith5667]

There’s definitely a crash coming. I also think that the inevitable end of the console is coming within 10 years.

[@hartman.4744]

It is a good thing that we have Professor RGT here to explain Economics to the class.