Biggest Entertainment Companies In Gaming Industry 2022
A gaming company is a business that develops and creates games. The industry has grown exponentially over the past decade, becoming one of the biggest entertainment industries in the world today. Since 2014, global revenue for the video game industry exceeded $100 billion.
As of 2017, there are 10 multinational companies headquartered in America, Europe or Japan that dominate 35% of the global market share. This list showcases some stats about these giants in the industry including casino space and also provide information about annual net revenue.
1) Konami Holdings Corporation (Tokyo headquarters – $622 million annual net revenue)
Founded in 1969 by Kagemasa Kōzuki, Konami specializes in creating popular game titles that are developed into TV shows , manga series, anime flicks etc. Konami is most known for games like Metal Gear , Dance Dance Revolution and Frogger.
Konami was the first company in Japan to manufacture arcade machines. Konami’s latest release, Metal Gear Solid V: The Phantom Pain (2015), became the 8th best-selling software title on PlayStation platforms by September 2015.
In March 2016, Konami faced criticism from its own fans for cancelling the video game adaptation of Hideo Kojima’s Silent Hills . In May 2014, Kojima had reported conflicts with upper management at Konami during his work on a new installment of the popular horror franchise . It has been alleged that the cancellation of this project led to a downfall in relations between Kojima and Konami which ultimately resulted in Kojima’s departure from Konami in December 2015.
2) Square Enix Holdings (Tokyo headquarters – $628 million annual net revenue)
Square Enix is the product of a 2002 merger between game publishers Squaresoft and Enix. It’s one of the biggest video game companies in Japan with subsidiaries like Eidos Interactive, Shinra Technologies etc. Some popular games published by Square Enix are Deus Ex , Tomb Raider , Hitman and Just Cause .
Square Enix reported about 20 billion yen ($188 million USD) loss for fiscal year ending March 2016 due to poor sales of its arcade games in Japan. The company also blamed that on “insufficient coordination” with global operations when launching major titles, which resulted in losses. According to Niko Partners , an advisory firm for the gaming industry, mobile games are predicted to generate about 65% revenue in 2017.
3) Bandai Namco Entertainment (Tokyo headquarters – $648 million annual net revenue)
Bandai Namco is a subsidiary of Bandai Namco Holdings which was formed through a merger between the video game division of Bandai and Namco in 2005. Some popular gaming titles created by them are Tekken, Soulcalibur, Dark Souls and One Piece.
Bandai has stated that their upcoming high-end virtual reality arcade machine VR-Joy Ride will be released in early 2018 at 42 entertainment venues across Japan. It’s reported that this game will feature car models from Gran Turismo.
4) Capcom (Osaka headquarters – $1.28 billion annual net revenue)
Capcom is a Japanese developer and publisher of video games. The company was founded in 1979 as Japan Capsule Computers, a maker of pinball machines before they began making video games for arcades and consoles. Popular titles by Capcom include Street Fighter, Mega Man, Devil May Cry and Phoenix Wright.
In March 2017, Capcom reported that Monster Hunter: World (2018) had shipped 7.9 million units since its release on January 26 which resulted in the highest profit forecasted yet for the company at $94 million USD for the fiscal year 2018 which ends March 31, 2018.
5) Sega Sammy Holdings (Osaka headquarters – $1.4 billion annual net revenue)
Sega is a Japanese company known for developing and publishing various gaming titles like Sonic the Hedgehog, Virtua Fighter and Football Manager. Most of their games tend to be targeted towards kids and young adults. In 2000, Sega merged with pachinko maker Sammy Corporation which resulted in its current name.
6) Nintendo – $1.85 billion annual net revenue
Nintendo is the largest video game company in Japan and has its headquarters in Kyoto. The company was founded back in 1889 as a manufacturer of handmade hanafuda playing cards and over the years, it’s grown to become one of the biggest video game companies in Japan and worldwide for that matter with popular titles like Super Mario, Pokémon, Zelda and Donkey Kong.
Nintendo became an industry pacesetter when it introduced its most popular product, Game Boy, which was released all around the world following its success in Japan. In 1996, Nintendo unveiled Pokémon (1996) on the Game Boy handheld console which resulted in millions of fans across the globe buying millions of copies of the game.
Nintendo’s president Tatsumi Kimishima recently revealed that Nintendo will be manufacturing a maximum of 20 million units of their upcoming video game console codenamed Nintendo NX which is scheduled to be released in March 2017. The company expects the console to sell much more than its predecessor Wii U.
The gaming industry in Japan is the largest in Asia and the 5th largest in the world.