Gaming

German games fund increases to $73 million




The German federal parliament has increased the national budget for the games industry to $73 million (€70 million).


Unveiled in 2020, the games fund offered government support for up to 50% of developer costs.


Since the program’s launch, game companies have increased by 26% and employment in the industry grew 12% as well.


The governing body said that it increased support by $21 million (€20 million) for 2023 following the sector’s growth.


Looking ahead, the German Games Industry Association predicts that the support initiative will need to provide $104 million (€100 million) annually.

“The provision of this additional games funding sends a powerful signal,” said managing director of game Felix Falk.

“It will enable Germany to continue its pursuit of becoming one of the world’s top locations for game development.”

Sign up for the GI Daily here to get the biggest news straight to your inbox





Source link

Related posts

Director by Night Looks Behind the Scenes at Werewolf by Night’s Director

Leroy Daugherty

Origins of Carnage Hall in Dying Light 2 Stay Human: Bloody Ties

Leroy Daugherty

Today’s Wordle Answer #559 – December 30, 2022 Solution And Hints

Leroy Daugherty

Netflix is acquiring cozy game developer Spry Fox

Leroy Daugherty

Tower of Fantasy – New “Vera” Expansion Launch

Leroy Daugherty

Minecraft Live 2022: the biggest news

Leroy Daugherty

This website uses cookies to improve your experience. We'll assume you're ok with this, but you can opt-out if you wish. Accept Read More