Yes, thirty-percent down is the new up.
I’ll rarely focus on market values, but since I just posted on relative new-media/old-media values I’m quoting (in the title) this month’s Video Game Briefing (PDF) from Paul Heydon at Avista Partners. (You can subscribe.)
Online games (down 29% from Jan 2008 ) narrowly led PC/Console games (-30%) and distributors/accessories (down 34%). They all outperformed the S&P 500 (-38%), well ahead of retailers and mobile games, (both down about 50%). The low point was Nov 20, ’08, but not by much.
The report also shows regional performance, ranked as you would expect (Asia, S&P, U.S., Europe) but perhaps spread more-broadly than you expect. And there are many details on M&A and on equity raised. In total:
- Over $1.8 billion of M&A deals in global sector (LTM)
- Over $1.6 billion raised in global sector (LTM)>