Montreal, QC – September 25, 2024 – The Quebec Video Game Guild, in partnership with XP Gaming Inc., is proud to announce the return of the Montreal International Game Summit (MIGS) in 2024, whose programming this year focuses on external development – a key growth driver for the recovering global video game industry. This year, MIGS will serve as a critical business event, highlighting the importance of collaboration between vendors, developers, and external developers.
This year, MIGS is introducing the Game Caviar ExDev Lounge, a dedicated space for external developers to network with major industry buyers, including 2K Games, Tencent, Riot Games, Microsoft, Sony PlayStation, and Haven Studios, among others. A unique opportunity for the Quebec industry to secure valuable partnerships, and for buyers to advance their projects.
Jean-Jacques Hermans, Executive Director of La Guilde du jeu vidéo du Québec, emphasizes the importance of the MIGS: “The Quebec video game industry is not only recovering quickly from a post-pandemic downturn, but is demonstrating remarkable resilience with hundreds of new job offers and new intellectual property development projects announced. The MIGS plays a strategic role in maintaining this recovery. »
Reports, such as DDM’s Games Investment Review, demonstrate that the global gaming industry is recovering and growing, with increased revenue and investment as studios adapt to new challenges. Griffin Gaming Partners points out that rising development costs and the growing importance of live service models are pushing studios to rely on external developers for faster and more efficient production.
Jason Lépine, Founder and CEO of XP Gaming, notes: “The global video game industry is expected to reach $187.7 billion in revenue in 2024, with $25 billion to $30 billion coming from external development. It’s a growing market that allows studios to grow while providing service providers with the stability of continuous work. »
Highlighting the critical role of MIGS 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 networking event for the industry with publishers, and this year we are excited to expand these opportunities with the Game Caviar ExDev Lounge,” said James Kosur, Head of Marketing – Gaming at Valnet, the event’s Diamond Partner. “We are excited to be part of this growing community of video game developers and service providers. As a Montreal-based event, MIGS provides the perfect platform to network with innovative developers and explore new opportunities within the industry. »
Highlights of the MIGS 2024 programming:
In addition to the ExDev Game Caviar Lounge, MIGS will feature sessions with key industry leaders:
● MIGS Indie Pitch Competition, offering indie developers a chance to pitch their projects to leading figures in video games.
● Red Barrels will present “Trauma Bonding: How The Outlast Trials Became the Next Evolution of the Franchise.”
● Ubisoft will discuss investor prospects for independent studios.
● Tencent’s Director of North American Business Development, Amir Satvat, will talk about the labor market trends in the gaming industry.
● The CMF will present the Pink Papers, the results of a pioneering study on LGBTQ2S+ representation in Canadian screens and interactive digital media.
Amazon Web Services (AWS) Game Jam at MIGS 2024
Additionally, AWS is partnering with MIGS to host a Game Jam on September 29, providing developers with hands-on opportunities to improve their cloud skills through challenges in analytics, machine learning, and more.
The full program and tickets are available on https://migs.biz/ .
ABOUT XP GAMING
XP Gaming brings together the global video game industry for business, recruitment, and education.
By hosting world-class B2B conferences as platforms for exchanging ideas, XP Gaming events become epicenters of innovation, collaboration, and networking that unite companies, investors, and experts to help forge new business opportunities and definitively shape the future of gaming.
Their proprietary job platform and Career Day events fuel recruitment efforts, connecting recruiters and job seekers.
Their educational initiatives guide future professionals in exploring career opportunities and post-secondary education choices.
For more information about 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 around the world, Game Caviar ensures that developers feel confident that 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 improves the chances of project success. For more information, visit gamecaviar.com.
ABOUT THE QUEBEC VIDEO GAME GUIDE
The Guilde 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 established in Quebec. A unified voice of more than 330 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/ .
Official press release from XP Gaming and La Guilde du jeu vidéo du Québec
