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MIGS 2024 Unveils New External Development Opportunities Amidst Global Video Game Industry Recovery
Game Caviar ExDev Lounge to Host Major Industry Buyers at Key Business Event
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September 25, 2024
5 Min Read
[This unedited press release is made available courtesy of Game Developer and its partnership with notable game PR-related resource Games Press]
La Guide du jeu vidéo du Québec :
Montreal, QC – Sept 26, 2024 – La Guilde du jeu vidéo du Québec, in partnership with XP Gaming Inc., is proud to announce the return of the Montreal International Game Summit (MIGS) for 2024, with a renewed focus on external development—a key driver of growth for the recovering global gaming industry. This year, MIGS will serve as a pivotal business event, highlighting the importance of collaboration between publishers, developers, and external developers.
This year, MIGS introduces the Game Caviar ExDev Lounge, a dedicated space for external developers to connect with major industry buyers, including 2K Games, Tencent, Riot Games, Microsoft, Sony PlayStation, and more. This presents service providers the opportunity to secure valuable partnerships and for buyers to drive their projects forward.
Jean-Jacques Hermans, Executive Director of La Guilde du jeu vidéo du Québec, underscores MIGS' importance: “The Quebec video game industry is not only recovering quickly from a post pandemic slow down but showing remarkable resilience with hundreds of job openings and new IP development projects announced.MIGS plays a strategic role in sustaining this recovery.'
Reports, such as DDM’s Games Investment Review, show that the global games industry is recovering and growing, with increased revenues and investments as studios adapt to new challenges. Griffin Gaming Partners highlights that rising development costs and the growing importance of live service models are driving studios to rely on external developers for faster, more efficient production.
Jason Lepine, Founder & CEO of XP Gaming, notes: “The global video game industry is projected to reach $187.7 billion in revenue for 2024, with external development estimated as $25-30 billion of that. It’s a growing market that allows studios to scale while offering service providers the stability of continual work.”
Emphasizing MIGS' critical role in Quebec's $1.4 billion gaming sector, the event has the full support of industry leaders such as Valnet, Red Barrels, Xsolla, Keywords Studios, Ubisoft, and Amazon Web Services (AWS).
“MIGS has always been a key event for service providers to connect with publishers, and this year we’re excited to expand these opportunities with the Game Caviar ExDev Lounge,” said James Kosur, Head of Marketing and Gaming at Valnet, the event’s Diamond supporter. "We’re thrilled to be part of this growing community of game developers and service providers. As a Montreal-based company, MIGS provides the perfect platform to connect with innovative developers and explore new opportunities within the industry."
MIGS 2024 Programming Highlights:
In addition to the Game Caviar ExDev Lounge, MIGS will feature sessions with key industry leaders:
MIGS Indie Pitch Competition, offering indie developers a chance to showcase their projects to top industry figures.
Red Barrels hosting "Trauma Bonding: How The Outlast Trials Became the Next Evolution in the Franchise."
Ubisoft discussing investor insights for indie studios.
Tencent’s North American Business Development Director Amir Satvat on labor market trends in the gaming workforce.
CMF will present on the Pink Papers, the groundbreaking industry study findings on LGBTQ2S+ representation on Canadian screen and interactive digital media.
Amazon Web Services (AWS) Game Jam at MIGS 2024
Additionally, AWS will partner with MIGS to host a Game Jam on Sept 29th, providing developers with hands-on opportunities to enhance their cloud skills through challenges in analytics, machine learning, and more.
Press / media passes are available here.
Full programming, and tickets are available at https://migs.biz/en/.
Press kit with all logos and relevant images can be found here.
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ABOUT XP GAMING
XP Gaming connects the global video game industry for business, recruitment and education.
Curating world class B2B conferences as idea exchange platforms; XP Gaming events become epicentres of innovation, collaboration, and connection that unite businesses, investors, and experts to help forge new business opportunities and ultimately shape the future of gaming. Their proprietary employment platform and Career Day events power recruitment efforts, linking recruiters with job seekers. And their education initiatives guide future professionals in exploring career possibilities and post-secondary educational choices.
For more information on XP Gaming please visit: xpgaming.biz/
ABOUT GAME CAVIAR
Game Caviar is the leading B2B platform revolutionizing external development for game developers and publishers. By facilitating instant connections with hundreds of AAA service providers worldwide, Game Caviar ensures developers feel confident they are working with the most qualified and relevant partners at every stage of production. By making the development process more predictable and efficient Game Caviar mitigates resource risks and enhances project success. For more information, visit gamecaviar.com.
ABOUT LA GUIDE DU JEU VIDÉO DU QUÉBEC
La Guide du jeu vidéo du Québec is a non-profit cooperative that brings together independent and international video game developers, creators, educational institutions and entrepreneurs in related fields based in Quebec. It organises the MIGS event annually, the flagship event for our industry. The unified voice of over 300 members and a global leader in the industry, La Guilde is the largest group of its kind in the world. For more information, visit laguilde.quebec/
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For Media Inquiries please contact:
Julie Gagnon Communications / 514-713-4381 / [email protected]
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