The weekly Spanish video games industry newsletter (May 6th)
The weekly Spanish games industry newsletter (May 6th)
Welcome to the very first newsletter focused on covering all the news related to the Spanish video games industry. And this week has been especially packed. We had the chance to get a close look at the state of the Spanish industry thanks to the reveal of DEV’s Whitebook, the annual report of the industry made by the Spanish Developer Association. Also, we got word from an acquisition (Axes in Motion, bought by MGI), and the sequel to the critically acclaimed (and IGF finalist) Do Not Feed The Monkeys was announced!
The Spanish industry keeps growing
The Spanish industry annual report was published last Wednesday. Once again, the report showed the industry’s resilience, especially during the most difficult moments of the pandemic. The Spanish video games generated 1.1 billion euros in revenue in 2020 and that number is expected to grow until 2.2 billion in 2024.
More than 8,000 people work in the Spanish video game industry, a number that grows up to 15.500 if we take into account all the jobs created in areas related to the industry. The annual report expects that Spain will employ more than 11.000 people by 2024.
The Spanish industry demands the government to create tax incentives to help spur its growth, a plan to create a network of incubator and accelerator programs throughout the country as well as specific measures that help young people, especially women, get their first job in a video games company.
Axes in Motion gets acquired by SCI
Media Games and Invest recently announced that it closed a deal to acquire Axes in Motion, the studio from Sevilla better known for its mobile games. The parties agreed to a fixed purchase price of 55 million euros with a potential 110 million payout depending on the performance of the studio until 2024.
Axes in Motion line up includes titles such as Extreme Car Driving Simulator or Car Stunt Races: Mega Ramps. The studio has gathered more than 700 million downloads during these years.
More monkeys to feed
Madrid based studio Fictiorama announced the sequel to its critically acclaimed, and IGF finalist, Do Not Feed The Monkeys. The sequel, called Do Not Feed The Monkeys 2099, will take place one century after the original game but the mechanics will still be the same. You are a member of The Primate Observation Club and you will have to invade the privacy and discover the hidden secrets of a bunch of strangers. And, as always, remember the golden rule: do not feed the monkeys!