![]() In so doing, we play a critical role in building a better working world for our people, for our clients and for our communities.ĮY refers to the global organization, and may refer to one or more, of the member firms of Ernst & Young Global Limited, each of which is a separate legal entity. We develop outstanding leaders who team to deliver on our promises to all of our stakeholders. The insights and quality services we deliver help build trust and confidence in the capital markets and in economies the world over. Gaming executives said:ĮY | Assurance | Consulting | Strategy and Transactions | TaxĮY is a global leader in assurance, consulting, strategy and transactions, and tax services. Indeed, 50% of the gaming executives we surveyed said they plan to increase funding for R&D in the next three years, while a similar number (44%) plan to invest in new technologies. Driving that growth will be a focus on developing and delivering new products and services. ![]() This suggests an appetite for organic growth. Yet, when asked to identify which activities would position them best to succeed in the next three years, just 16% of our survey respondents ranked M&A as a priority. In 2021, there were about 400 announced or closed gaming deals worth approximately $36.3 billion.¹ This trend was reinforced in January 2022, when Microsoft announced that it planned to acquire the gaming company Activision Blizzard for $68.7 billion. How will this innovation come about? There has clearly been a trend in recent years for companies to use M&A to acquire talent, technologies and popular game franchises. For example, 83% of those surveyed say that the gaming industry is under constant pressure to innovate and create new gaming experiences. With customer expectations rising dramatically, a key pillar of success will be continuous innovation and product differentiation, and gaming executives clearly recognize this. ![]() ![]() Competing in such a vibrant market requires gaming companies to have technical and artistic acumen, along with business and operational excellence. Competition, says Stuart, sends a signal that gaming is worth pursuing. ![]()
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