Analyst: Worldwide Video Game Market to Reach $82 Billion by 2017

As big as video game are today, they’re about to get a whole lot bigger.

New analyst research from DFC Intelligence predicts the global market for video games will hit $82 billion by 2017 — a 22 percent increase over this year’s expected $67 billion. That’s news that’s likely to be a relief to those who have eyed the past seven months of sales data (all of which have shown significant declines).

Read more at Yahoo! Games

Ouya: Panacea For Console Biz or The Next Phantom?

Veteran journalist Chris Morris tackles the major reasons why Ouya could be a revolution or a mere footnote

Any time a start-up makes $4.5 million in four days through crowdsourcing, it’s bound to raise a few eyebrows. And Ouya has certainly done that.

Enthusiasts are dreaming of a dark horse console that will bring gaming back to its roots, ending the cycle of sequel-itis and injecting some fresh new game mechanics into the industry. Skeptics, meanwhile, say those Kickstarter supporters could be throwing their money away on a product that will never find a significant audience.

Ironically, they could both be right.

Read more at GamesIndustry.biz

Snoop Dogg’s greatest gaming moments

He’s well known as a rapper, actor, and, uh, marijuana ambassador, but Snoop Dogg’s favorite hobby might well be yours: video games.

Celebrities appear in video games all the time, but few have as diverse a gaming resume as Snoop. If there’s a big time video game event going on, chances are good that he’ll show up.

Read more at Yahoo! Games

Whoops! Game publisher sells the wrong game

Successfully launching a video game is no easy task. There are a million details that publishers have to check off the list to get a game out the door, on to shelves, and into your hands.

Over at Tecmo Koei, though, they missed a rather big one: They shipped the wrong game.

Read more at Yahoo! Games

Video game sales down 29% in June

The next generation of consoles can’t get here fast enough.

According to the NPD Group, overall video game sales were down 29 percent in June compared to last year ($699.8 million to $989.5 million). Hardware sales were hit hardest, tumbling a massive 45 percent, though game accessories — such as gift cards and Skylanders figurines — were up slightly.

Read more at Yahoo! Games

Will the Wii U Push Nintendo Back Into Profitability?

When Nintendo reported a $533 million annual loss in late April, it was the first time in the company’s 30-year history as a publicly traded company that it had fallen into the red.

Even though the loss was expected at that point, it was a mark of shame for Nintendo — and investors battered the stock. Now, as the company’s next generation console system prepares to launch later this year and the handheld 3DS device starts to get its legs under it, it’s hoping to get back to black. But not everyone’s convinced it will manage to do so.

Read more at CNBC.com