Task 3 – Financial, Industry and Market trends.
Produce an account of why financial planning is so important within the games industry and what the current issues facing the industry are.
Produce an account of the current industry and market trends that are within the games industry.
You are aiming to comprehensively explain financial issues in the games industry along with Market Trends and current industry developments with reference to elucidated examples. You should be using subject terminology consistently and correctly.
The title of this work should be titled Task 3 – Financial, Industry and Market Trends
This provides evidence for P2, M2, D2
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Financial planning in general is important for anything, because of financial planning the company's are able to make estimates and when doing this there are able to budget.
Budgeting is important especially in a game development team/company this is because if a budget is made the company can plan and are able to use the budgeted amount to make assumptions if they want to employ more job titles to get the game development teams to get the game made quicker this can involve any job title to make things from artists to sound engineer.
The gaming industry can come into certain issues when planning a game, these issues can be at the start,middle or even the end.
The start issue would be when a company has finalized the plans of the idea for a game, that they would add up a total and if they found out it was over budget and try to take anything away that the game would breakdown and not become a success this would mean scrapping the idea.
The middle problem would be half way through they would need to employ more staff to get the game finished and complete so when they came to employ, that they dont have enough budget to employ anyone of the needed job role this would mean that they would not meet the dead line for the game to be published so the game would be rushed, there for reviews from people who gain early access would give the game a bad review this would mean that no one would buy the game there for profits would go down. and no one would but the game which means no profits would be made so the game would be a complete failure.
The Final problem could be that the marketing and advertise could not be as strong and that the publicity for the game could not reach a wide enough profit margin for the games company to benefit from the developed game.
The current industry and market trends of the gaming industry are that more companies are now developing in new technology that is being developed.
The main that is taking off mainly is the VR(virtual reality) the company that took this idea to developed was Sony with project Morpheus, i first heared about this my a YouTuber MoreConsole.
He gained exclusive and early access to play a game that is only for Project Morpheus.
The current industry and market trends of the gaming industry are that more companies are now developing in new technology that is being developed.
The main that is taking off mainly is the VR(virtual reality) the company that took this idea to developed was Sony with project Morpheus, i first heared about this my a YouTuber MoreConsole.
He gained exclusive and early access to play a game that is only for Project Morpheus.
The other project that is similar to the PM is the Hololens, this is a VR system that's not just implemented in the game of Minecraft but everyday life for people to use to help learn and educate,
The hololens is a VR system that has no wires or anything attached it sits on your head like a pair of glasses so this Hololens in my eyes is more advanced then the VR for sony because the PM has wires and controllers. Unlike the Hololens having voice command and hands free.
So the new trends are become more futuristic and less controller base and more motion sense and VR based games.
Another trend in my eyes that i can see, is that most game development companies are creating and bringing back old games and renovating them to fit the tech of today and what they are able to do with what they originally wanted to do or have as a style in a game, but back then hey wasn't able to do so because the tech was not as advanced as it is today.
So this trend would be re-modernize of the retro games/ original games.
An extra would be that more company's are trying more ideas that are not the ordinary but are different and new, which give gamer's a new experience and a new way to game,
The game that will do his the most is no man's sky.
This game is a self generate game, when you play the universe builds it self and with this game in a description it says you'll never visit the same planet.
The hololens is a VR system that has no wires or anything attached it sits on your head like a pair of glasses so this Hololens in my eyes is more advanced then the VR for sony because the PM has wires and controllers. Unlike the Hololens having voice command and hands free.
So the new trends are become more futuristic and less controller base and more motion sense and VR based games.
Another trend in my eyes that i can see, is that most game development companies are creating and bringing back old games and renovating them to fit the tech of today and what they are able to do with what they originally wanted to do or have as a style in a game, but back then hey wasn't able to do so because the tech was not as advanced as it is today.
So this trend would be re-modernize of the retro games/ original games.
An extra would be that more company's are trying more ideas that are not the ordinary but are different and new, which give gamer's a new experience and a new way to game,
The game that will do his the most is no man's sky.
This game is a self generate game, when you play the universe builds it self and with this game in a description it says you'll never visit the same planet.
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