TOP ASX Video Game Stocks For 2022

TL;DR

The video game industry has a market worth over $200 billion and is poised for continued growth, driven by advancements in technology. Two top ASX video game stocks, Eye Candy Interactive and Playside Studios, are well-positioned to leverage this trend while exploring opportunities in blockchain and the metaverse.

Transcript

did you know that the video games industry is bigger than hollywood the video games industry globally is actually larger than both the movie and the music industry i know everybody's familiar with the fact that the video game sector continues to grow however maybe you didn't realize just how large it was it has a total addressable market of over 20... Read More

Key Insights

• 🎮 The video game industry has a significant market size and is projected to continue growing in the coming years.
• 😀 Advancements in technology, such as 5G and web 3.0, are driving the growth of the gaming sector.
• ❓ Eye Candy Interactive and Playside Studios are top ASX stocks benefiting from the growth of the gaming industry while exploring opportunities in blockchain and the metaverse.
• 🥺 Eye Candy Interactive has expanded its scope through acquisitions and investments, positioning itself as a leading player in the Southeast Asian gaming market.
• 🤐 Playside Studios' dual focus on original IP and collaborations with renowned brands gives them a competitive edge.
• 👾 The NFT market presents a new avenue for revenue generation in the gaming sector, and both companies are exploring opportunities in this space.
• 🧑‍🏭 The gaming industry's growth is fueled by factors such as increased demand for entertainment and advancements in technology.

Questions & Answers

Q: What is the current market size of the video game industry compared to Hollywood and the music industry?

The video game industry has a total addressable market of over $200 billion, surpassing both Hollywood and the music industry.

Q: How are advancements in technology contributing to the growth of the gaming sector?

Technologies like 5G, better devices, and web 3.0 are enabling enhanced gaming experiences and attracting more players, driving the growth of the industry.

Q: What is Eye Candy Interactive's approach to the gaming sector?

Eye Candy Interactive initially focused on developing mobile games but has expanded its offerings through acquisitions, investments in esports, and a stake in a leading animation studio. They are also exploring opportunities in blockchain and the metaverse.

Q: What sets Playside Studios apart as the largest video game company on the ASX?

Playside Studios has a dual focus, creating its own original IP while also collaborating with renowned brands. They have recently ventured into the NFT space and aim to establish a dedicated metaverse and web 3.0 team.

Summary & Key Takeaways

• The video game industry has surpassed Hollywood and the music industry in terms of market size, with a total addressable market of over $200 billion.

• Advancements in technology, such as 5G, better devices, and web 3.0, are driving the growth of the gaming sector.

• Eye Candy Interactive is focused on developing mobile games and has expanded its scope through acquisitions and investments in the esports and metaverse spaces. Playside Studios is the largest video game company on the ASX and specializes in creating original IP as well as working with renowned brands.