New Zealand's video game industry had a difficult 2019, but one local trade group believes the future is bright for the region thanks in part to the upcoming launch of the PS5 and Xbox Series X.
The Interactive Games and Entertainment Association (IGEA) released its report for New Zealand's game industry on Wednesday, showing that the total industry value in 2019 reached $501.4 million. This was down by 9 percent compared to last year, and it marks the first year-over-year decline since 2012. Note that this number covers total sales, not just for video games developed in New Zealand. For comparison, the IGEA also represents Australia, where 2019 industry sales reached $3.6 billion.
There is a good reason for the downturn, however. 2018's results in New Zealand--as well as Australia, the US, and other parts of the world--were very positively impacted by the huge success of Fortnite. That game is now moderating in results, and as such, 2019 was always going to have a tough time comparing.
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