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Oct 28, 2024 · In 2021, 75% of all video game companies in Canada were Canadian-owned. This was a lower proportion than in 2019 when 84% of the companies were owned by Canadians. This change is due to acquisitions as well as new video companies established by foreign companies in Canada since 2019.
Most (75%) video game companies in Canada are Canadian-owned, showing a notable change from 2019 when 84% of companies were Canadian-owned. This slight shift could be due to recent acquisitions and new Canadian studios established by foreign companies over the past two years.
Jan 29, 2019 · In recent years, the expansion of pre-existing companies, and the creation of new ones, in Canada has sky-rocketed, particularly in the gaming industry. In fact, Canada has the third-largest video game industry in the world (second to the US and Japan), and employs approximately 20,400 people, in 472 companies across the country.
- Canada: A Renowned Country in The Gaming World
- The Impact of The Pandemic
- An Industry That Creates Job
- Exporting as A Key Growth Factor
- Government Incentives: A Key Solution
Canada’s fast-growing video game industry is recognized worldwide. ALD, the Entertainment Software Association of Canada, even estimate its contribution to GDP at $4.5 billion. A true pillar of the economy, a key sector for innovation and new technologies, this industry is nevertheless very competitive. To quote Jayson Hilchie, CEO of ALD: “The vid...
As we have all witnessed, the health crisis has impacted the lifestyles of everyone, pushing more consumers to spend time in front of their screens for longer periods of time. Indeed, a study conducted by ALD reports that 58% of adults between 18 and 64 years old, and 80% of young people between 6 and 17 years old have increased their video game us...
The video game industry is a demanding one, and companies will need highly skilled workers with expertise in the industry’s specific fields. This same workforce is attracted by the relatively good average salary and the valuation of skills in this sector. Since 2019, there has been a 17% increase in the number of employees in Canadian video game co...
In the era of globalization and the rise of new technologies, companies that want to remain sustainable must open their doors to the international market. The video game industry is truly a global empire, where publishers face fierce competition and user loyalty is becoming increasingly difficult. Montréal is one of the largest video game productio...
In addition to the desire of video game companies to grow, it is the possibility for more than 20 years to obtain tax incentives from the government, such as the tax credit put in place by Bernard Landry, which greatly encourages companies in their international development. In addition, government subsidies have attracted companies and played a ma...
In 2021, 937 active video game companies were identified in Canada, a 35% increase since 2019. Much of this growth occurred in Ontario and Quebec which increased the national total by 137 active companies. More than half (54%) of companies in the industry employ fewer than five people. In 2021, video game companies in Canada
Nov 9, 2021 · In 2021, 937 active video game companies were identified in Canada – a 35% increase since 2019. These companies together employ an estimated 32,300 direct employees, representing a 17%...
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Jan 10, 2024 · In 2021, there were 937 video game companies in Canada, and four out of five video game companies in Canada were located in Quebec, Ontario, and British Columbia.
