The video game industry is booming. Americans spent $21.53 billion on games and hardware last year, and sales of the new-gen PS4 and Xbox One have exceeded expectations. So why are layoffs so common in the industry? Why are so many video game studios closing? Why does it feel like the people who make video games are always on the hook?
E3 2014 is kicking off today in Los Angeles with dozens of new announcements from the world's biggest names in the gaming industry. As in previous years, Microsoft is airing their Xbox media briefing online.